ORIX Leveraged Finance Provides Senior Debt Facility to Support TableTop Media’s Growth
ORIX Leveraged Finance announced today the closing of a senior secured debt facility to TableTop Media, LLC. Proceeds are being used to finance the continued growth of the company, which was named by Entrepreneur magazine as one of 100 Brilliant companies in 2011.
Based in Dallas, Texas, TableTop Media created the Ziosk, the first interactive touchscreen for brick and mortar businesses. With the casual dining restaurant market as its first target, TableTop Media is executing a roll-out of Ziosk to a growing number of national chains, which recognize the significant operational and entertainment benefits uniquely offered by Ziosk.
The funding underscores ORIX Leveraged Finance’s commitment to provide growth capital to well-managed privately held companies that offer a compelling product or service, and possess franchise value.
Chris Smith, President and CEO of ORIX Corporate Capital, said, “We are pleased to provide financing support to TableTop Media’s proven and strong management team, which has established an impressive beachhead in the casual dining industry. We hope to be an ongoing financial partner of TableTop Media in support of the company’s continued realization of the substantial growth opportunities being created by its leadership.”
Jack Baum, Chairman and Chief Engagement Officer of TableTop Media, noted, “ORIX understands our vision for the company and has the capability and interest in an expanding relationship that grows along with us. We see this initial financing as an important step in helping our company realize its potential.”
TableTop Media President and CEO Austen Mulinder added, “As entrepreneurs in a fast-moving business, we appreciate the willingness demonstrated by ORIX to move quickly and provide a flexible financing structure that aligns with our intent to secure and increase our leadership in a dynamic industry.”
About ORIX Leveraged Finance
ORIX Leveraged Finance, a business unit of ORIX USA Corporation, provides debt and equity capital to well-managed small and mid-sized businesses in all industry sectors throughout the United States. ORIX USA Corporation ( www.orix.com ) is a diversified financial conglomerate with approximately 1,400 employees and operations or investments across the corporate, real estate and public finance markets as well as advisory and asset management services. ORIX USA is the U. S. subsidiary of ORIX Corporation, a publicly owned, international financial services company established in 1964 with headquarters in Tokyo and operations in 27 countries. ORIX Corporation is listed on the Tokyo (8591) and New York /quotes/zigman/1474107/quotes/nls/ix IX -2.64% stock exchanges.
About TableTop Media
TableTop Media is a Dallas-based company that is revolutionizing the experience and economics of casual dining through the Ziosk Media Network. The Ziosk is an interactive touchscreen that enables restaurant guests to order food, play games and pay their check on demand, right at the table. Founded in 2008, TableTop Media is the recipient of the 2009 National Restaurant Association Technology Innovation Award, the 2010 Hospitality Technology Breakthrough Award and was named one of 100 Brilliant companies by Entrepreneur in 2011. For more information, please visit www.ziosk.com .
C. Pharr & Company for ORIX Leveraged Finance
Shelby Sabin Menczer, 214-763-6068