ContentFilm has signed a deal with JPMorgan Chase for a $40m long-term debt facility.
JPMorgan Chase will structure and arrange the five-year senior secured revolving credit facility.
ContentFilm noted that it had drawn down $27.5m of its existing $32m loan facility (including the CBC acquisition). The new $10-$15m of liquidity in the short term will help with product acquisitions and corporate expansion.
John Schmidt, CEO of ContentFilm, said: 'In coming out of our recent offer period, one of our first priorities has been the renewal and expansion of our credit facility. We are pleased to have reached agreement with JPMorgan Chase to accomplish this goal, and we look forward to working with the other banks in the syndicate.'