EFA Partners, an entertainment financial advisory firm focused on
providing financing solutions for movie exhibitors, announced that it led and
advised the recently closed financing facility for Malco Theatres, a
progressive motion pictures exhibitor operating over 320 screens at 30
locations throughout the Southeastern United States. The proceeds from the financing were utilized
for Malco’s digital cinema conversion.
“EFA’s
unique knowledge and experience with film exhibition and digital cinema was
extremely helpful in leading our financing process,” said Bobby Levy, Executive
Vice President of Malco Theatres. “Malco
prides itself in providing the latest technology to its patrons, and we are
excited that this financing will allow us to continue our conversion to digital.”
EFA’s
principals have over 20 years of collective experience in film exhibition
finance and have deep relationships within the banking and leasing
communities. This allowed them to procure
numerous proposals for the Malco financing and provide appropriate
recommendations. In addition, the EFA
team assisted with the negotiation of the credit documentation as well as
agreements related to digital cinema.
“We
are extremely pleased to help the team at Malco with its digital initiative,”
said Brandt Gully, principal of EFA Partners.
“Malco has been committed to providing the highest quality movie
presentation to its customers for decades, and we are excited to be the
company’s exclusive advisory partners for its financing needs”.
