NEWS & UPDATES
Houlihan Arranges $1.5 Million Line of Credit for Hispanic Group Corp., Inc.
CHICAGO and MIAMI (February 2007) PRNewswire -- Houlihan Smith & Company, Inc. acted as exclusive financial advisor and placement agent in obtaining a $1.5 million line of credit for its client, Hispanic Group Corporation, Inc. ("Hispanic Group"). It was announced by Charles Botchway, Managing Director of Houlihan. The credit facility was provided by The International Bank of Miami based in Miami, Florida.
"This new debt facility will help Hispanic Group better manage the explosive growth they're experiencing and the cash flow challenges that come with it," Kevin Gear, the Houlihan Managing Director in charge of the deal was quoted as saying.
Founded in 2002, Hispanic Group is a full-service advertising agency specializing in the U.S. Hispanic market. The Company performs a wide range of cultural research targeted towards the Hispanic population in the U.S. in order to better understand the consumer and therefore make accurate marketing decisions. The Company's management team brings marketing and advertising expertise from both the domestic U.S. Hispanic market as well as the Latin American market. Hispanic Group is headquartered in Miami, Florida, with additional offices in New York, Los Angeles, and Atlanta. In all, the Company operates in 32 U.S. cities and currently ranks among the Top 10 independent Hispanic agencies in the U.S.
The International Bank of Miami, N.A., is one of the largest independent banks in South Florida. The Bank has been providing quality banking services and products in Florida, Central America and the Caribbean for over 40 years. The Bank is a recognized leader in South Florida commercial and real estate lending as well as correspondent banking. In certain markets, such as Small Business Administration lending in South Florida and correspondent banking in Central America/Caribbean region, the Bank is one of the principal market participants.
Houlihan Smith & Company, Inc. ("Houlihan") is a specialized investment banking firm that provides advisory, financing and valuation services to public and private businesses. Houlihan is a registered broker-dealer and NASD/SIPC Member. Houlihan is affiliated and works closely with Houlihan Valuation Advisors, a leading valuation firm with offices throughout the United States, providing Houlihan with a team of industry experts to efficiently handle complex client engagements.
Houlihan understands the time sensitivity of corporate finance and is able to respond quickly and tenaciously to opportunities. The Houlihan approach creates corporate finance transactions where both business owners and investors mutually benefit. We have the knowledge, experience and relationships to match buyers and sellers, as well as to match the appropriate financing and capitalization structure to each unique client situation. The Houlihan name is synonymous with professional financial expertise and we provide cost-effective fairness and solvency opinions, as well as valuations for tax and financial reporting to some of the largest NYSE/NASDAQ companies, as well as small, privately-held businesses.