PRZOOM - /newswire/ -
Atlanta, GA, United States, 2011/03/24 - EFA Partners announced that it led and advised the recently closed financing facility for Malco Theatres, a progressive motion pictures exhibitor - Malco.com.
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”.
About EFA Partners
EFA Partners (efapartners.com) is a specialized advisory and financial consulting firm focused on providing financial services to the film and leisure industries. EFA’s personnel have provided financial solutions to the film exhibition industry for over ten years and continue to concentrate on the needs of theatre owners, digital cinema integrators, alternative content companies and film service companies. The group’s services include capital placement as well as recommendations and execution of strategies related to mergers and acquisitions, restructurings, and general business planning. EFA’s offices are located in New York and Atlanta.
About Malco Theatres
Malco Theatres Inc., (malco.com) is a family-owned fourth-generation company that continues to be nationally recognized as a leader of the industry for their innovative techniques and special attention given to sight, sound and patron comfort. With more than 320 screens in over 30 locations in Arkansas, Kentucky, Mississippi, Missouri, and Tennessee, Malco Theatres is one of the nation’s most venerable movie exhibition chains.