June 25, 2015
Enables Construction for New Theatre in Denver and Refinances Debt for Two Other Theatres
EFA Partners, a boutique financial advisory firm focused on arranging capital and providing investment banking and strategic consulting services for entertainment, media and telecom companies, announced today that it successfully closed on a $18.6 million senior debt financing on behalf of Alamo Drafthouse Cinema.
Alamo Drafthouse is a renowned lifestyle entertainment brand and growing in-theatre dining exhibitor that is actively expanding both its company-owned and franchised locations across the U.S. The debt financing facility will provide construction capital for Alamo Drafthouse’s new location serving the Sloan’s Lake region of Denver, CO, while also providing favorable refinancing terms for the existing debt at two other venues based in Denver, CO and Austin, TX.
“EFA Partners and our team worked uniformly every step of the way to arrange a comprehensive financing solution that delivers greater financial flexibility to our two existing venues while also providing the necessary capital to build our newest Denver location,” stated David Kennedy, owner and partner of Alamo Drafthouse. “Brandt Gully, Ralph Willis and the EFA team have a deep understanding of the film exhibition industry and have proven to be reliable long-term partners as we continue pursuing our goals for sustained long-term growth.”
After procuring several competing bids and negotiating favorable key terms, EFA was able to structure and close a debt facility that lowered Alamo Drafthouse’s cost of capital while providing the company with the capital needed to support the construction of its new location.
“We are pleased to continue supporting Dave Kennedy and Alamo Drafthouse as they drive innovation and success with their in-theatre dining business model,” stated Brandt Gully, Managing Partner and co-founder of EFA Partners. “We’re excited to arrange the financing of the new Sloan’s Lake theatre and look forward to working with the Alamo Drafthouse team as they continue expanding across the U.S.”
About EFA Partners
EFA Partners is a boutique financial advisory firm that provides investment banking services focused on arranging capital, M&A, and financial consulting services for entertainment, leisure, media, and telecom companies. Its senior team has closed and managed over $13 billion of financings in its targeted sectors. EFA has a wealth of relationships from which to source capital including local and regional banks, national and international banks, specialty finance groups, equipment financiers, providers of mezzanine debt and private equity groups. Since its formation in 2009, EFA has been retained by over 90 clients and placed over $800 million of capital as well as advised on over $1.2 billion of additional transactions.
About Alamo Drafthouse
Alamo Drafthouse is a lifestyle entertainment brand comprised of an acclaimed cinema-eatery chain, the largest genre film festival in the United States and a collectible art store. Named “the best theater ever” by Time Magazine, the Alamo Drafthouse Cinema has built a reputation as a movie lover’s oasis not only by combining food and drink service with the movie-going experience, but also introducing unique programming and high-profile, star studded special events. The Alamo Drafthouse Cinema is expanding its brand in new and exciting ways, including the launch of Drafthouse Films, a new film distribution label and plans to extend its theaters and unique programming philosophy to additional markets across the United States.