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BondIt Media Capital Closes $20 Million Credit Facility (Exclusive)

BondIt Media Capital has closed an institutional credit facility of $20 million from Texas-based hedge fund Revere Capital.

BondIt said on Thursday that the facility will leverage its ability to provide financing solutions to the ever-growing number of films, TV series, and media companies in the sector.

In the four years since inception, BondIt Media Capital has provided debt financing to more than 230 feature films and TV shows, resulting in more than $200 million of production spending. Recent BondIt-financed projects include Netflix’s “To the Bone,” starring Lily Collins; “Driven,” with Jason Sudeikis, and the Oscar-nominated animated film “Loving Vincent.”

The deal was structured by BondIt chief financial officer Patrick DePeters, Revere Capital’s Ed Wu and Brian O’Flanagan, and Mark Parsa from Brooklyn Park Asset Management.

“Securing institutional capital to fortify our financing capacity has long been a focus for BondIt’s management team, as the certainty it brings enables

See full article on Variety - Film News