JPMorgan Led Group Renews Content Media Revolver
Content Media announced the renewal of its $40 million senior revolving credit facility, led by the Entertainment Industries group of JPMorgan, with SunTrust Bank as syndication agent, further supported by Manufacturers Bank.
The original facility was established in 2004 and this is the fourth renewal of the facility, with the maturity date now extended into mid- 2016.
John Schmidt, chief executive officer of Content said, “We’re delighted to announce the renewal and extension of our loan facility through the Entertainment Industries team at JP Morgan who have been such steadfast supporters of Content over the last 10 years. We also thank our long term partner Manufacturers and we welcome Sun Trust Bank. These are exciting times for Content as we build out our worldwide business with revenues having grown from around $30 million to $70 million over the last two years. We are looking forward to further growth over the coming years supported by our partners in the loan facility.”
London-based Content Media is a global entertainment media company, with offices in Los Angeles, New York and Toronto, which owns and distributes a significant library of film, television and digital assets.