Brooks, Houghton Interim Funding
Announces
$5.0 Million Investment in Airgate International Corporation
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New York, NY - July 23, 2007 - Brooks, Houghton Interim Funding announced that it has closed on a $5.0 million senior subordinated note to Airgate International Corporation of which $3.5 million was funded at closing. The initial BHC investment will be used to fund the retirement of Series A Convertible Preferred Stock and warrants on the company's common stock.
About Pacific CMA
Headquartered in New York, New York, Airgate International Corporation wholly owned subsidiary of Pacific CMA, Inc. Pacific CMA is an international, decentralized, non-asset based freight forwarder and logistic services provider. The Company provides logistic solutions, coordinating land, air, and sea resources for the transportation of apparel, electronics, toys, and consumer goods, as well as specialty items such as hazardous materials, perishable goods, and refrigerated products.
About Brooks, Houghton Interim Funding - $200 Million Committed Capital Fund
Brooks, Houghton Interim Funding, established in 1999, provides bridge and interim capital (a term of up to three years, interest only, with no prepayment penalties) ranging from $5 million to $25 million to profitable, U.S. middle-market companies that require capital to facilitate an acquisition or recapitalization, finance profitable growth or expansion, augment working capital or senior debt, and capitalize on time-sensitive opportunities. The principals of the Fund work closely with its referral sources including senior lenders, investment bankers, and private equity firms. Brooks, Houghton is currently investing the capital of its $200 million second fund.
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Φ BHC Interim Funding, L.P. – Φ Brooks, Houghton & Company, Inc.
444 Madison Avenue • 25th Floor • New York, NY 10022• Phone: (212) 753-1991 • Fax: (212) 753-7730
263 Tresser Boulevard • Stamford, CT 06901 • Phone: (203)-564-1979 • Fax: (203)-564-1402
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