ORIX Venture Finance and Bridge Bank Provide Senior Secured Facility to Angie’s List

  ORIX Venture Finance and Bridge Bank Provide Senior Secured Facility to
  Angie’s List

Business Wire

PALO ALTO, Calif. -- October 19, 2011

ORIX Venture Finance LLC announced today the closing of a combined $30 million
senior secured debt facility to Angie’s List, Inc. The facility, consisting of
a non-amortizing term loan from ORIX Venture Finance and a creatively
structured revolving line of credit from Bridge Bank, N.A., met the unique
needs of this company. Proceeds were used to refinance existing debt and
provide working capital.

The financing facility underscores the commitment of ORIX Venture Finance to
provide a broad array of flexible debt arrangements to technology-enabled
growth companies. Michael David, Managing Director and Co-Head of ORIX Venture
Finance, said, "I have followed Angie’s List for the last several years, and
have been impressed by the clear vision of its management team, and its steady
and focused growth. We are delighted to join forces with Bridge Bank on this
project."

Dick Sweeney, Northeast Market Manager with Bridge Bank’s Technology Division
added, “Angie’s List is one of America’s great entrepreneurial success stories
and we are proud to join ORIX Venture Finance in supporting the company’s
future growth.”

Robert Millard, Chief Financial Officer of Angie’s List, credited the
financial partners with putting together a great team and structure. “We’re
excited to work with ORIX and Bridge Bank as we continue to grow,” Millard
said.

About ORIX Venture Finance

ORIX Venture Finance, a business unit of ORIX USA Corporation, provides
customized financial solutions to mid- and late-stage companies which have
established customers and run-rate revenues of $10 million or greater. Since
its inception in 2001, ORIX Venture Finance has invested in 90 growth
companies throughout the U. S. and Canada. www.orixventurefinance.com. ORIX
USA Corporation (www.orix.com) is a financial conglomerate with operations or
investments across corporate, real estate and public finance markets as well
as advisory services and asset management. ORIX USA’s public parent is ORIX
Corporation, an, international financial services company established in 1964
with headquarters in Tokyo and operations in 27 countries. ORIX Corporation is
listed on the Tokyo (8591) and New York (NYSE:IX stock exchanges.

About Bridge Bank, National Association

Bridge Bank, N.A. (NASDAQ:BBNK) was founded in 2001 as a full-service
professional business bank headquartered in Silicon Valley to meet the unique
and varied needs of small and middle market businesses from across many
industries, and at all stages – from inception to IPO and beyond – with an
emphasis on corporate banking and emerging technology companies. Bridge Bank’s
team of highly-qualified, experienced business bankers create customized
solutions to assist entrepreneurs, business owners, and managers to reach
their goals. www.bridgebank.com

About Angie’s List

Angie’s List collects consumer reviews on local contractors and doctors in
more than 550 service categories. Currently, more than 2 million consumers
across the U.S. and Canada rely on Angie’s List to help them make the best
hiring decisions. Members get unlimited access to local ratings via Internet
or phone, exclusive discounts, the Angie’s List magazine and help from the
Angie’s List complaint resolution service.

Contact:

C. Pharr & Company for ORIX Venture Finance
Shelby Sabin Menczer, 214-763-6068
Shelby@pharrpr.com
 
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