New banking facilities

RNS Number : 2325W

TLA Worldwide PLC

23 January 2013

 



TLA Worldwide plc

New banking facilities

TLA Worldwide plc (AIM: TLA) ("TLA" or the "Company"), the athlete representation and sports marketing business today announced that it has agreed to expand its banking facilities to $15 million with Sun Trust Bank.

The new facilities are for a term of 5 years to January 2018 and comprise a $8 million term loan together with a $7 million revolver.  The revolver is undrawn and is available to fund any future acquisitions as well as general corporate purposes.

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For further information

TLA Worldwide Mike Principe, Chief Executive	Tel: [phone]
Pelham Bell Pottinger Dan de Belder/Anna Gamble	Tel: [phone]
Numis Securities                      Nick Westlake (Nomad)	Tel: [phone]

Chris Wilkinson

About TLA Worldwide

Founded in December, 2011 through the merger of Legacy Sports Group and The Agency Sports Management, TLA Worldwide plc (TLA:LN) and its subsidiary, The Legacy Agency, Inc., is a leading athlete representation and sports marketing business with a full service offering to its clients in baseball, broadcasting, coaching, endorsement and golf talent, as well as corporate consulting. The company's success and growth potential is founded on three key pillars: the competency of the underlying businesses, their complementary practices and the strength and experience of the management team. TLA has an exceptional roster of clients including baseball All-Stars C.C. Sabathia, Carl Crawford, Adam Dunn, Jose Reyes, Ricky Romero, Johan Santana, Rickie Weeks and Vernon Wells, broadcasters Troy Aikman, Dan Hicks, Darryl Johnston, Chris Myers and Mitch Williams, college coaches Mick Cronin, Randy Edsall, Mark Fox and Mark Gottfried, PGA Tour professionals, Jim Furyk, Matt Every, Robert Garrigus, John Huh, Spencer Levin, Jeff Overton, John Senden and Kyle Reifers, and talent marketing clients such as Reggie Bush, Colt McCoy, Ndamukong Suh and Ryan Tannehill. Headquartered in New York, TLA operates out of offices in New York, Newport Beach, Houston, San Francisco, Charleston, SC and London. For more information, visit www.tlaww-plc.com.

 

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