- Encina Lender Finance and Georgia Banking Company Provide $40 Million Senior Credit Facility To Microf
- Comvest Credit Partners Invests $144 Million to Support the Recapitalization and Growth of Sportime Clubs
- Marathon Asset Management and Webster Bank Provide Senior Secured Financing for Littlejohn’s Acquisition of Sunbelt Modular
- Prestige Capital Supports the New Owners of a New York-based Construction and Design Firm with $12,000,000 in Funding
- Ares Commercial Finance has Provided a $45 Million Senior Secured Revolving Line of Credit to Southern States Cooperative, Inc.
Wonderfilm Announces Marketing of CAD$65.9 Million Asset-Backed Debt Facility
October 22, 2019
Source: Yahoo Finance
The Wonderfilm Media Corporation ("Wonderfilm" or the "Company") (WNDR.V) (WDRFF), a producer of high-quality feature films and episodic television with international appeal, today announces the co-marketing of a third-party, USD$50 million (C$65.9 million) asset-backed debt facility (“Facility”) designed to escalate the pace of the Company’s revenue and increase overall production efficiency.
The Facility will be an independent, U.S.-based limited liability corporation (“LLC”) that would exclusively support and be secured against specific future Wonderfilm movie productions. The Facility provides Wonderfilm the immediate advantage of accelerated green-lighting and scheduling of production and delivery of its film and television slate, and the potential of rapid revenue-generation and production by cash flowing all pre-sale movie contracts, as well as finances various levels of government tax credits and tax incentives.
“Wonderfilm continues its exciting growth phase with access to funds that will greatly streamline our ability to deliver content to streaming services, theatres and broadcasters around the world. Time is money, and currently we have to undertake a single financing for each and every movie employing a paperwork and approval process that by its nature is long and cumbersome, which negatively impacts our ability to quickly schedule productions. The debt-facility streamlines this procedure, allowing us to schedule film shoots on our terms and on our timetable. The fund provides Wonderfilm a strong strategic advantage in the market,” states Wonderfilm CEO Kirk Shaw.
About Wonderfilm Media Corporation
Wonderfilm is a leading publicly traded entertainment company with offices in Los Angeles & Vancouver [TSXV: WNDR] [OTC: WDRFF]. Wonderfilm’s main business is the production of high-quality feature films & episodic television. Global Content Creation leaders - the Wonderfilm team - has packaged, produced and delivered hundreds of profitable films with proven direct access to Academy Award Quality films and upside. For more information, visit the company’s website at www.Wonderfilm.com.
Neither the TSX Venture Exchange Inc. (“Exchange”) nor its regulation services provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.
For further details, please see the Company’s documents filed on the System for Electronic Document Analysis and Retrieval at www.sedar.com.
Wonderfilm Contact:
Email: Info@Wonderfilm.com
Phone: 1-604-638-4890
www.Wonderfilm.com
Or
PCG Advisory
Kirin Smith, President
Email: KSmith@PCGAdvisory.com
Phone: (646) 863-6519
