According to The Wrap, indie studio Envision Media Arts (EMA) has closed a $50 million credit line with National Bank of Canada.

The Wrap said the bridge facility will enable the company to finance and package movies in the $5 million to $25 million range.

The Wrap noted that EMA also hired former banker lender Wendy Mooore as vice president of finance to oversee the indie’s project financing. Moore was previously with National Bank of California.