Genius secures credit facility from Societe Generale
US home entertainment distributor Genius Products has signed a three-year revolving credit facility arranged by Societe Generale for an initial commitment of $30m rising to a total of $70m based on expected incremental commitments.The debt will be used to provide working capital and to finance acquisitions, production and co-productions, distribution and marketing.The amount available under the facility is based on accounts receivable, excluding those associated ...
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