Washington,
DC (January 17, 2008) – FOCUS LLC, a national
middle market investment banking firm providing merger,
acquisition, divestiture and corporate finance services
announces that Integrity Media, Inc. has been recapitalized
with a senior secured revolving credit facility by JP Morgan/Chase. FOCUS
initiated the transaction, acted as financial advisor to,
and assisted with the negotiations as the representative
of Integrity Media.
Integrity Media is a communications company that produces,
publishes and distributes Christian music, books, greeting
cards and other related products. The company produces
praise and worship music in different musical styles for
specific audiences such as children’s music, gospel
music, youth music and live worship music, in a variety of
product formats including compact discs, videos, DVD’s,
digital content and printed music. Integrity Media
serves the pop/rock and adult contemporary segment of Christian
music through its subsidiary INO Records, an artist-based
independent music company. The Company has enjoyed
impressive growth since its inception in 1987 and currently
has more than 220 employees distributing products in 167
countries. Capital was used for the retirement of
all existing indebtedness.
According to Mike Coleman, Chairman and CEO, “When
I first considered recapitalizing Integrity, I thought of
Jonathan Wilfong at FOCUS LLC. I have had a relationship
with Jonathan for almost 20 years and knew he understood
our firm’s mission and business, as well as the media
industry. Even during this time of troubled markets,
FOCUS was able to secure a credit facility for Integrity
with far better terms, and at a substantial savings in debt
service costs. I am very pleased with the transaction
and our new relationship with JP Morgan/Chase.”
About FOCUS LLC
FOCUS LLC provides a range of middle market
investment banking services with an emphasis on mergers,
acquisitions, divestitures and corporate finance. FOCUS is
headquartered in Washington, D.C. with regional offices in
Atlanta, Chicago and San Francisco. FOCUS specializes
in business units with transactions or revenues in the $5-300
million range, serving entrepreneurs, corporate owners and
various types of investors across a broad range of industries,
throughout the U.S. and worldwide. FOCUS bankers are
seasoned operating and financial executives with extensive
transaction experience. Securities transactions conducted
by Wm. H. Murphy & Co., Inc. registered Broker Dealer
member FINRA/SIPC. For more information on FOCUS, visit www.focusbankers.com. |