OTG Management, Inc.
OTG Management, Inc. (“OTG” or the “Company”), founded in 1996, is a privately held company that operates award-winning full service sit-down and quick-serve restaurants, bars, lounges and gourmet markets throughout several major airports across the United States, including JFK International, Philadelphia International, LaGuardia, Boston’s Logan International and Washington, D.C.’s Ronald Reagan International.
OTG was recently awarded the contract to be the sole food concession provider at JetBlue’s new terminal at JFK Airport. OTG retained professionals from SSG to obtain financing for the build-out of OTG’s concepts at the new JetBlue Terminal as well as providing capital for pre-opening and start-up costs.
Professionals at SSG marketed the Company to a wide range of traditional and alternative lenders, ultimately securing $62 million in financing consisting of a $5 million revolving credit facility and $20 million term loan secured by a first lien on all assets of OTG and a $37 million construction loan secured by a second lien on all of OTG’s assets.