Washington,
DC (May 5, 2008) – FOCUS LLC, a national middle
market investment banking firm providing merger, acquisition,
divestiture and corporate finance services announces that
Integrity Media, Inc. has secured a real estate mortgage
with US Bank. 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.
According to Mike Coleman, Chairman and
CEO, “This
completes the recapitalization of Integrity Media, Inc. that
began last year with the placement of the Company’s
senior debt with JP Morgan/Chase. Jonathan Wilfong
at FOCUS LLC has been involved in this process from the very
beginning and understands our company’s mission and
business, as well as the media industry. Even during
this time of troubled credit markets, FOCUS was able to secure
credit facilities for Integrity with far better terms while
lowering debt service costs. I am very pleased with
the transaction and our new relationship with US Bank.”
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, Houston, Los Angeles 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. |