QualityStocksNewsBreaks – Wonderfilm Media Corp. (TSX.V: WNDR) (OTCQB: WDRFF) Announces Marketing of Asset-Backed Debt Facility
Wonderfilm Media (TSX.V: WNDR) (OTCQB: WDRFF), a producer of high-quality feature films and episodic television with international appeal, this morning announced the co-marketing of a third-party, $50 million (C$65.9 million) asset-backed debt facility intended to accelerate the pace of the company’s revenue and increase overall production efficiency. The independent, U.S.-based facility will be a limited liability corporation (“LLC”) that will exclusively support and be secured against specific upcoming Wonderfilm movie productions. The facility affords Wonderfilm the instant advantage of quicker green-lighting and scheduling of production and delivery of its film and television schedule, as well as the likely accelerated revenue-generation…