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Alcentra Capital Corporation Provides $3.0 Million in Senior Subordinated Debt for the Refinancing of Existing Portfolio Company, Media Storm, LLC

May 30, 2014



By a News Reporter-Staff News Editor at Entertainment Newsweekly -- Alcentra Capital Corporation (NASDAQ Global Select Market: "ABDC") ("Alcentra") announced that Alcentra has provided $3.0 million in senior subordinated debt to refinance its existing portfolio company, Media Storm, LLC, an independent media advertising and marketing agency. Alcentra drew down on its revolving credit facility to fund the investment.

Media Storm is a strategic media and marketing agency with roots in entertainment and an innovative model that's redefining service and strategy. The company focuses exclusively on middle market media and entertainment clients, such as the Fox Network and the Scripps Network, with advertising budgets below $100 million. Media Storm's emphasis is on the "tune in market" or media content that is associated with original programming.

Keywords for this news article include: Marketing, Advertising, Entertainment, Alcentra Capital Corporation.

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Source: Entertainment Newsweekly


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