Capstone Partners Advised A Private Digital Event Ticket Brokerage on Senior Debt Financing from UMB Bank
Closing of a $35 million senior credit facility for a startup company that specializes in leveraging data analytics to predict demand and pricing for live entertainment event tickets
Capstone Partners is pleased to announce the closing of a $35 million senior credit facility for a startup company that specializes in leveraging data analytics to predict demand and pricing for live entertainment event tickets. The proceeds were used to refinance existing debt, provide the company with additional capital to support inventory acquisition, and pay transaction fees. The senior credit facility was provided by UMB Bank.
Adam Morris, Director, Capstone Partners’ Debt Advisory Group said
"We had the pleasure of working with a top-notch management team on this transaction. Similarly, UMB Bank was very dedicated, thoughtful, and constructive throughout the process and will provide a level of support to the company that will allow them to focus on their growth strategy. It was a pleasure to have played a part in the continued success of the company and we are thoroughly pleased with the outcome with UMB Bank."