US Capital Global provided multi-million dollar follow-on bridge financing to UK-based public company Manifesto Holding.
US Capital Global participated in this bridge financing from its own balance sheet, leading the round through its business credit fund, US Capital Business Credit Income Fund.
“We are pleased to have provided three rounds of financing for Manifesto Holding,” said Jeffrey Sweeney, chairman and CEO at US Capital Global. “Having received strong, positive acclaim for its innovation in the arts world, Manifesto is now pursuing further expansion in the hospitality sector. US Capital Global was able to support the company’s immediate goals by providing this important bridge facility, ahead of a much larger growth-capital term loan.”
The financing provides additional working capital for Manifesto and allows the company to repay an earlier bridge loan, ahead of a forthcoming growth-capital term loan.
Manifesto is the UK-based parent company for the Paris nightclubs Wanderlust and Silencio and an expanding stakeholder in the French arts, culture, and recreation world.