October 24, 2011
ANNOUNCEMENT (October 24, 2011) -- EFA Partners, an entertainment financial advisory firm focused on providing financing solutions for the film exhibition industry, announced that it led and advised the recently closed $40 million financing facility for Studio Movie Grill, a national pioneer and leader in the "movie grill" concept with seven sites and plans for expansion throughout the U.S. The proceeds from this facility were utilized by Studio Movie Grill to refinance all of its existing debt and equipment leases as well as providing growth capital.
“EFA impressed us with their financial experience, banking relationships and knowledge of the film exhibition and digital cinema sectors which allowed them to lead our financing effort from start to finish,” said Brian Schultz, owner, founder and President of Studio Movie Grill. “With Studio Movie Grill being a leader in the in- theatre dining concept and with ongoing expansion plans, this financing strengthens our balance sheet and provides us with capital to execute on our plans to open sites in new regions of the country.”
EFA’s principals have over 20 years of collective experience in film exhibition finance and have deep
relationships within the banking communities. This allowed them to procure numerous proposals for the Studio Movie Grill financing and provide appropriate recommendations. In addition, the EFA team assisted with the negotiation of all credit documentation as well as agreements related to Studio Movie Grill’s recently signed digital cinema contracts.
“We are extremely pleased to support Studio Movie Grill’s financing needs and growth objectives,” said Brandt Gully, principal of EFA Partners. “Studio Movie Grill has been an innovative industry leader for over a decade and we look forward to continuing the relationship as they grow their theatre dining restaurant concept.”