October 3, 2012
ANNOUNCEMENT (October 2012) -- EFA Partners, a financial advisory firm focused on arranging financing for the entertainment and media sectors, announced that it led and advised the recently closed $11 million financing facility for Landmark Theatres, a progressive motion pictures exhibitor operating 229 screens at 52 locations throughout the United States. The proceeds from the financing were utilized for Landmark’s digital cinema conversion.
“EFA’s unique knowledge and experience with film exhibition and digital cinema was extremely helpful in leading our financing process,” said Sky Hansen, Chief Financial Officer of Landmark Theatres. “Landmark prides itself in providing the best customer experience to its patrons, and we are excited that this financing will allow us to continue that with our digital conversion.”
EFA’s principals have over 30 years of collective experience in film exhibition finance and have deep relationships within the banking and leasing communities. This allowed them to procure numerous proposals for the Landmark financing and provide appropriate recommendations. In addition, the EFA team assisted with the negotiation of the credit documentation as well as agreements related to digital cinema.
“We are extremely pleased to help the team at Landmark with its financing needs,” said Brandt Gully, principal of EFA Partners. “Landmark is well respected in the industry due to its strong management and great execution of its unique product offering, and we are excited to be the company’s advisory partner for its financing needs”.