September 4, 2012
ANNOUNCEMENT (September 4, 2012) -- EFA Partners LLC, an advisory firm focused on arranging financing for the entertainment and media sectors, announced that it arranged a $6.5 million senior facility for Latitude Global, Inc., a Jacksonville-based restaurant/entertainment firm. Latitude’s exciting concept combines contemporary dining, luxury bowling, a dine-in movie theater, a Vegas-style showroom, an HD sports-theater, video/redemption games and live entertainment all in one upscale venue. This financing, combined with the $25 million growth facility that EFA arranged for Latitude earlier this year, provides Latitude with $31.5 million that will support their immediate expansion plans in the 4 th quarter of 2012.
“Once again, EFA has been successful acting as a strategic financial partner for Latitude as we continue executing on our growth plans,” said Brent Brown, CEO and founder of Latitude Global. “This latest financing provides us with the remaining funding needed to open new locations this year, and we look forward to continuing our growing relationship with EFA as we plan on opening additional sites in the very near future.”
EFA’s principals have over 60 years of collective experience in entertainment and media finance and have deep relationships with capital providers to the industry. They concentrate on the needs of the entertainment sectors including family entertainment centers, film exhibition, theme parks/waterparks, digital cinema, film service companies, and other leisure sectors. The EFA team prides itself on providing its clients with a broad range of financing alternatives and leading the financing effort from the initial stages through to closing.
“We believed in the Latitude concept right from the start, which provides a compelling mixture of great dining and entertainment attractions for all ages, and it’s great to see the validation Latitude is receiving from capital providers”, stated Kenny Favre, a founding partner with EFA Partners. “It’s been great working with the entire team at Latitude and we’ll continue to work closely with them as they open new venues across the country.”