Financial Advisor
Gas Station TV
Debt Capital Markets
A Portfolio Company Of
Unitranche Credit Facility
Transaction Details
- On April 12, 2017, Gas Station TV (“GSTV”), America’s leading video network at the pump, and Verifone (NYSE: PAY), a world leader in payments and commerce solutions, announced a 50-50 joint venture that combines the assets and operations of Verifone’s Pump Media division with GSTV
- In support of the joint venture, GSTV closed a new 5-year, $88.8mm Unitranche Credit Facility with Monroe Capital Corporation
- GSTV is owned by Detroit-based Rockbridge Growth Equity and Falcon Investment Advisors
- Stephens Inc. acted as financial advisor to Gas Station TV in the arrangement of the financing
About the company
Gas Station TV (GSTV) is the largest and most sophisticated national video network reaching active consumers. Delivering the hard to reach, on-the–go consumer, GSTV delivers one-on-one exposure to hundreds of millions of viewers every month at the nation’s leading gas retailers across the United States. Offering an industry-leading experience, GSTV engages, influences and drives consumers to action on behalf of its advertisers and gas retailers with exclusive content. Viewers are offered engaging segments including sports from ESPN, news and entertainment from CNN’s Headline News, Buzz Today, and Fusion Now, business and personal finance reports from Bloomberg TV, weather updates from AccuWeather, trending/viral topics from What’s Trending, The List, and all things tech from CNET. GSTV can be viewed throughout the country at leading gas retailers like Speedway, Circle K, Tesoro, Sunoco, BP, Chevron, Conoco-Phillips, Gulf, Arco, Marathon, Exxon-Mobil, Shell and Murphy USA. For more information, please visit GSTV.com.
Sources: Publicly available information.
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