Anytickets.com closed on a new $40 million secured credit facility with Bank of America Merrill Lynch.
The new line of credit will allow Anytickets.com to expand its partner inventory program which has driven 200% growth for the company since 2017._x000D_
“We are thrilled to be working with Bank of America Merrill Lynch,” said Marcus Stern, president at AnyTickets.com. “These resources will be used as working capital support for Anytickets and our partners continued growth.”
The AnyTickets.com ticket broker affiliate program allows brokers to focus on purchasing quality inventory while Anytickets handles everything else. Unlike other industry programs, Anytickets.com differentiates itself by fully funding inventory costs while also offering consulting and full-scale inventory management, including analytics, pricing and order fulfillment._x000D_
Since the inception of their partner program in 2016, Anytickets.com has experience yearly growth at 100% each year topping out at an estimated 150MM in 2019. _x000D_
“Bank of America Merrill Lynch is pleased to work with AnyTickets, a company with innovative products and services, professional staff and great leadership,” said Brian P. Barrow, vice president of Global Banking & Markets Bank of America Merrill Lynch. “We look forward to helping them with their next phase of growth.”
The company expects to push 2020 growth to reach$250 million.
Founded in 2002 and based in Houston, Anytickets.com is a ticket reseller which specializes in premium tickets to concerts, theater, and sporting events throughout the United States and Canada. Customers and partners of Anytickets.com include ticket resale marketplaces, event promoters, artists, venues, box office managers, and retail customers.
