CHICAGO - Madison Street Capital as the exclusive investment banker to InteriorMark arranges a new senior line of credit with Sterling Commercial Credit. InteriorMark is a leading e-commerce furniture retailer with a customer driven focus to include quality and innovative design. The company launched its own brand of industry leading theater seats called Octane Seating. The Company is a strategic partner of Best Buy with its products featured in more than 400 stores in the U.S. and they recently launched their Octane Seating with Best Buy Canada in 2015 with 192 locations. The announcement was made by Charles Botchway, CEO of Madison Street Capital. The transaction was led by Reginald McGaugh, Senior Managing Director.
“After completing our second transaction with Madison Street Capital in 2015 we remain extremely pleased with Reginald McGaugh and his team at Madison Street Capital,” said Peter Goldstein Co-Founder & CEO. “They were very diligent in arranging our subordinated debt facility in 1Q 2015 and fully satisfied our senior lending needs with the new line of credit with Sterling Commercial Credit”. “We are excited about our new senior line as it will allow us to take advantage of some significant B2B opportunities for our Octane Seating Brand,” said Bruce Tucker, Co-Founder & President. “We are committed to the team at Madison Street Capital and we view them as a long term partners.” “It is truly a pleasure to be working with Mr. Goldstein, Mr. Tucker and their entire team,” said Reginald McGaugh. To be involved with the company as they experience significant growth in their Octane Brand as well as their www.theaterseatstore.com site is extremely rewarding.”
Founded in 2007, InteriorMark was formed based on an unmet need for e-commerce sales of furniture and accessories. The Company crafted a sophisticated business plan to meet this need with competitively priced, high-quality products showcased in an attractive, scalable, and highly intuitive shopping platform. The Company is a strategic partner of Best Buy with its products featured in more than 400 stores nationwide. The Company formed its own brand of furniture in March 2014 and has seen phenomenal results. Our most popular website properties include the following links below: www.octaneseating.com , www.theaterseatstore.com and www.sofasandsectionals.com
About Sterling Commercial Credit:
Sterling Commercial Credit is a family owned and operated financial service provider specializing in short term commercial lending. At Sterling our mission is to engineer creative working capital solutions for growth minded Entrepreneurs,’ which allows them to follow their dream with an industry leading, transparent commercial lending partner. Please visit our website at www.sterlingcommercialcredit.com
About Madison Street Capital, LLC:
Madison Street Capital, is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients, and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards. For additional information, please visit our website at www.madisonstreetcapital.com