US Capital Global provided a multi-million dollar bridge loan to UK-based public company Manifesto Holding. The financing will be used to repay an earlier bridge loan ahead of a forthcoming growth-capital term loan.
“We are thankful to US Capital Global for fulfilling our immediate needs,” said Arnaud Frisch, CEO at Manifesto. “We eagerly await the closing of a more expansive term loan, which will provide support for our strategic expansion into the hospitality sector.”
“We are pleased to have provided two rounds of bridge financing for Manifesto,” 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.”
Manifesto Holding is the UK-based parent company of the Paris nightclubs Wanderlust and Silencio, among others. Its various venues host a selection of music, arts, film and fashion events.
Headquartered in San Francisco, US Capital Global is a full-service private financial group.