October 26, 2011
NEW YORK/ATLANTA/WOODLAND HILLS (October 26, 2011) -- 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.
"We’ve worked with EFA for over two years as they’ve assisted us in a variety of financial advisory roles,” said Adam Mizel Chief Operating Officer & CFO of Cinedigm. “We’ve been consistently impressed with their strong financial expertise, banking relationships and knowledge of the film exhibition sector.”
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 assist Cinedigm with structuring the transaction and with negotiating the facility’s documents. In addition, the EFA team was instrumental in introducing Cinedigm to an industry lender that ultimately became one of the facility’s 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.”
ABOUT EFA PARTERS
EFA Partners is a specialized advisory and financial consulting firm focused on providing services in select entertainment industries including the film and leisure sectors. EFA was founded by Ralph Willis, Brandt Gully and Kenny Favre, three former executives of GE Capital’s entertainment group, who collectively have over 40 years of entertainment finance experience and have closed and managed more than $3 billion in entertainment transactions. The group’s focus is to lead its clients’ efforts with raising senior debt, equipment leasing, junior capital, mergers and acquisitions, restructurings, and general business strategy. EFA’s offices are located in New York and Atlanta. For additional information, visit EFA’s website at www.efapartners.com.
Cinedigm offers a new business model to exhibitors by enabling theatres to present engaging alternative programming including live 2D and 3D sporting events and concerts, shorts, cartoons, live Q&As, as well as branded entertainment. Recent releases by Cinedigm include the groundbreaking, LIVE 3D broadcast of The Foo Fighters performance, the worldwide LIVE 3D broadcast of the FIFA World Cup Championship, the BCS Championship in LIVE 3D, the Dave Matthews Band 3D concerts, and the sold out 3D PHISH concerts. Cinedigm has also released the KIDTOONS series for the past six years, a weekly family friendly matinee series that runs in over 165 theatres across the country. Cinedigm also provides a number of powerful software applications that enable exhibitors to enhance and streamline their daily operations. Additionally, Cinedigm offers precision marketing tools to dramatically increase exhibitor marketing effectiveness, including social media initiatives, targeted advertising and strategic public relations. Cinedigm™ and Cinedigm Digital Cinema Corp™ are trademarks of Cinedigm Digital Cinema Corp. For additional information, visit Cinedigm’s website at www.cinedigm.com.