October 15, 2015
3rd financing arranged by EFA for Fox will be for the continuation of theatre upgrades
EFA Partners, a boutique financial advisory firm that provides investment banking and strategic consulting services for companies in the entertainment, media, and technology industries, successfully arranged additional financing for Fox Theatres, a growing film exhibition company that operates theatres in Pennsylvania and Maryland. The financing increased the size of the company’s existing debt facility. Proceeds will be utilized for continued upgrades at the Fox Berkshire theatre in Reading, PA and the Fox Sun & Surf in Ocean City, MD.
EFA’s principals have over 40 years of collective experience in providing financing solutions for film exhibition and leisure companies, and they have deep relationships with banks, lessors, specialty finance groups, mezzanine debt providers and private equity groups. The EFA team prides itself on handling its clients’ financing processes from start to finish. For Fox Theatres, they worked closely with the company’s senior lender to procure additional funding as Fox Theatres continued its theatres upgrades which includes the additional luxury recliner seating and other amenities that will significantly enhance the patron experience.
“We are delighted to have once again assisted Don Fox and his team at Fox Theatres,” said Ralph Willis, Managing Partner and a founding principal of EFA Partners. “Don understands that patrons in his markets are seeking an enhanced movie-going experience and his theatres will continue to provide that with the installation of many new amenities.”
ABOUT EFA PARTERS
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, media, and technology companies. Its senior team has closed and managed over $14.5 billion of financing 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 100 clients while arranging and placing over $900 million of capital and advising on over $1.2 billion of additional transactions.
ABOUT FOX THEATRES
Fox Theatres is a growing film exhibitor based in Reading, PA. The company operates five theaters that total 32 screens including the Fox Berkshire and Fox East in Reading, PA, the Sun & Surf and Gold Coast in Ocean City, MD, and the Academy in Greenbelt, MD. For additional information, visit the Fox Theatre website at www.foxshowtimes.com.