Silvers Travel Plaza & Casino
BATON ROUGE, LA – Corner Capital Advisors, LLC (“Corner Capital” or “CCA”) announces that it served as exclusive financial advisor & placement agent on Power Gaming, LLC’s and Related Companies’ (DBA Silvers Travel Plaza & Casino — “Silvers” or the “Company”) acquisition capital raise and senior debt refinancing. Corner Capital assisted the Company in raising capital for the purpose of a membership interest redemption of a significant owner of the Company.
Silvers Travel Plaza & Casino, based in Louisiana, is a premier destination for both travelers and local residents seeking a comprehensive service experience. The establishment combines a full-service travel plaza with a vibrant casino, offering video poker machines. Silvers Travel Plaza & Casino is committed to providing high-quality customer service and amenities, including a well-maintained lounge, dining options, and fuel services. As a hub of activity and entertainment, Silvers Travel Plaza & Casino prides itself on creating a welcoming and enjoyable environment for all its guests. Whether stopping by for a quick refreshment or looking for extended entertainment, Silvers Travel Plaza & Casino stands out as a top choice in Louisiana.
Regarding Corner Capital’s services, Gregory Barro, Jr., a member of Silvers’ Board of Directors, remarked, “When we approached Corner Capital, we outlined the need for attractively priced capital within a tight deadline, despite challenges related to our evolving cap table. Corner Capital not only met but exceeded our expectations by securing sufficient funds to facilitate the shareholder redemption and refinance the Company’s senior debt. This achievement saved the company significant costs compared to other capital options and established a long-term relationship with a growth-oriented lending partner. The expertise, relationships, and objective approach of Corner Capital were crucial in meeting the specific terms and timeline required by the Company.”
Corner Capital served as Silvers’ exclusive financial advisor and rendered investment banking services in support of the Company’s acquisition capital raise and senior debt refinancing. Andy Weber and Sean Stewart, CFA of Corner Capital, managed the project. Sean Stewart commented, “Working with Greg, Thompson, and members of the Barro family was a thoroughly enjoyable experience. I am proud to have represented the Silvers ownership group in achieving their objectives. We are optimistic about the Company’s future as it continues to provide an exceptional travel experience to its valued customers.”
FOR FURTHER INFORMATION
P. A. Weber III (Andy), Corner Capital, aweber@cornercapitalpartners.com
Sean Stewart, CFA, Corner Capital sstewart@cornercapitaladvisors.com
About Corner Capital
Formed in 2006, Corner Capital provides national transaction advisory services to all constituents in the Downstream Energy, Multi-Unit Retail, Business Services, and Distribution industries. Our national market coverage serves clients with staff in Texas, California, and Florida. For more information, please visit http://www.cornercapitalpartners.com/ or contact P. A. Weber III (Andy) at aweber@cornercapitalpartners.com, (805) 965-5510.