Liquid Entertainment closed a $2.5 million credit facility with Ottowa-based Runway Finance Group.

Under the terms of the credit facility agreement, Runway has advanced Liquid $2.5 million for a period of three years from the initial funding date of November 2016.

Liquid intends to use the proceeds to fund the acquisition of additional revenue producing assets in the media, gaming and animation industries as well as continue to assist in the financing of tax credit-related projects. In conjunction with closing the credit agreement, Runway has become a shareholder of Liquid.

CEO of Liquid Entertainment Krysanne Katsoolis said, “We are excited to have Runway Finance Group as our partner and our first Institutional shareholder going forward. The services Runway offers are in high demand in the film, television and gaming industry. With their support, the growth of Liquid will be accelerated significantly.”

Runway Finance Group is a Canadian venture-debt company that offers non-dilutive financing of between $200,000 and $5 million to growing companies in Canada.

Liquid Entertainment is a multi-platform, multi-faceted entertainment company dedicated to bringing the best in evergreen content to the world.