October 2, 2012
Refinances debt of growing film and television content creation and management company
ANNOUNCEMENT (October 2012) -- EFA Partners, a financial advisory firm focused on arranging financing for the entertainment and media sectors, announced that it has arranged and closed a $50 million financing facility for Modern VideoFilm, Inc., a Burbank based provider of content creation and content management services for the film, television and digital content industries. The proceeds from the long term financing were utilized to fully refinance Modern VideoFilm's existing debt and better position the company to execute on its growth strategies via its recent investments in infrastructure and technology.
"The EFA team proposed a strategy to recapitalize our company that met our needs and was totally different than that of other financial advisory firms that had approached us," said Moshe Barkat, CEO and President of Modern VideoFilm. "We appreciated their understanding of the entertainment industry and their extensive financial relationships, and we look forward to continuing the relationship."
EFA's principals have over 30 years of collective financial experience in film services, film exhibition, film production and digital cinema, and have deep relationships within the banking and leasing communities. The EFA team has been engaged by dozens within the film industry and prides itself on providing its clients with a broad range of financing alternatives and leading the effort from the initial stages through to closing. This process allowed EFA to procure several proposals for Modern VideoFilm and assist with all aspects of the financing.
"We are excited to be a financial advisor for Modern VideoFilm, and we look forward to working with them in the future as they execute on their growth strategies", stated Ralph Willis, a founding partner with EFA Partners. "With their significant investments in technology assets plus their new locations in Burbank and Santa Monica, the company is well positioned to be a leader as the content management and content creation sectors transform for the digital age."