Content Media Renews Loan Facility

LONDON: Content Media Corporation has announced the renewal of its $40-million revolving credit facility, with the maturity date now extended into the middle of 2016.

The senior revolving credit facility is courtesy of the Entertainment Industries Group of JP Morgan, along with SunTrust Bank as syndication agent, further supported by Manufacturers Bank. The facility was first established in 2004 and has now been renewed four times.

John Schmidt, CEO of Content, noted, “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.”