Daily News: September 7, 2012

Latitude Global Secures Credit Facility From Fifth Third

Latitude Global announced the closing of a $6.4 million senior credit facility from Fifth Third Bancorp, which is intended to be used to support their expansion of additional venues in Q4 2012.

“We spent considerable time and effort researching the Latitude Global concept and business model. We are pleased to be able to provide this financing, as well as our holistic merchant processing and treasury solutions,” commented Nathaniel Herring, city president, Fifth Third Bank (North Florida).

Jacksonville, FL-based LGI is a full-service entertainment company that builds and operates cutting-edge entertainment venues that include a variety of contemporary yet casual dining areas, state-of-the-art video and redemption games, luxury bowling lanes, movie screening rooms with food service, a Vegas-style showroom and a high-tech sports bar.