EFA Partners Advises Cinedigm Digital Cinema on its $100 million Non-Recourse
Financing
October
27, 2011 Source: EFA Partners Facility
to be utilized to deploy approximately 2,000 digital systems
EFA Partners, an entertainment financial advisory firm
focused on providing financing solutions for the film exhibition industry, announced
that it advised on the recently closed $100 million financing facility sponsored
by Cinedigm Digital Cinema, the global leader in digital cinema.
A portion
of the proceeds from this facility will be immediately utilized to deploy approximately
1,000 digital systems for various theatre groups throughout the U.S. including
Marcus Theatres, Muller Family Theatres, Storyteller Theatres and Dickinson Theatres,
with additional theatres in the pipeline for future deployment. Weve
worked with EFA for over two years as theyve assisted us in a variety of
financial advisory roles, said Adam Mizel Chief Operating Officer &
CFO of Cinedigm. Weve been consistently impressed with their strong
financial expertise, banking relationships and knowledge of the film exhibition
sector. EFAs
principals have over 20 years of collective experience in film exhibition finance
and have deep relationships within the banking communities. This allowed them
to assist Cinedigm with structuring the transaction and with negotiating the facilitys
documents. In addition, the EFA team was instrumental in introducing Cinedigm
to an industry lender that ultimately became one of the facilitys co-lead
lenders. We are extremely pleased to continue
our relationship with Cinedigm as they build their digital cinema platform,
said Ralph Willis, one of EFA Partners founders. We look forward to
continuing the relationship as they deploy digital systems throughout the U.S
and this financing facility will help them execute on their growth objectives.
Submit a Company
Submit News
Submit a Job
Submit an Event
|