CHICAGO – June 3, 2022 – WhiteHorse Capital has provided a first lien credit facility for MSI Information Systems (“MSI” or the “Company”) to support the refinancing of its existing debt and pay related fees and expenses. Headquartered in Plain City, OH, and owned by The Vistria Group, MSI curates an unparalleled platform of independent reading and information services to K-12 professionals and library leaders in the U.S.
“With the addition of WhiteHorse Capital, we’re able to further enhance the mission and service offerings at MSI. The WhiteHorse team moved efficiently and supported us as we grow considerably coming out of the pandemic. Partnerships are paramount to us at Vistria, and we appreciate the chance to work further with WhiteHorse on MSI,” said Kip Kirkpatrick, Co-CEO and Senior Partner at The Vistria Group.
MSI provides the industry’s most respected brands and programs to educators and public libraries including Junior Library Guild’s library book collection subscriptions, classroom book wholesale via AKJ Education, and an array of award-winning media publications.
"We are excited to partner with Vistria and MSI on this transaction. We look forward to supporting the Company, Management Team and Sponsor as they execute on their operating strategy going forward," said John Yeager, Managing Director at WhiteHorse Capital.
About MSI Information Systems, Inc.
Headquartered in Plain City, OH, MSI operates through three segments including Junior Library Guild’s library book collection subscription, classroom book wholesale, and award-winning media publications.
Junior Library Guild is the top subscription-based, independent curator and provider of books, e-books, and digital media for schools and public libraries.
AKJ Education is a wholesaler of books, e-books, and other education materials through B2B sales to education companies, direct-to-schools, and not-for-profit education channels. Through its strong relationship with 500+ publishing partners, the segment serves as a one-stop shop for educators providing thousands of library collections, digital courses/classes, and teacher resources.
Media provides print and digital media brands and industry-best access and advertising for content marketers including book reviews, product reviews, and industry insights, live events, and workshops.
About WhiteHorse Capital
WhiteHorse Capital offers flexible, creative lending solutions to middle market companies across a wide range of industries, including Telecom, Media and Technology, Healthcare, Business Services and Financial Services. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long-term relationship-oriented portfolio management philosophy. For more information, please visit our website at www.whitehorsecapital.com.