EB Capital, LLC (“EastBank Capital”), a private investment firm providing equity and debt solutions to middle-market companies, announced today that it has issued a Letter of Agreement for an Entertainment Finance Loan (“Loan”) to a privately held company that will independently produce a world premier film. The proceeds of the Loan will be used for development capital and exploitation of the film.
The Borrower is a privately held company currently involved in the development of world-class film projects; whose members have been a part of a producing team having grossed more than $1B at the box office.
The Company is well known, admired and respected for its abilities producing motion pictures, television commercials and television programming.
"This Loan will assist the Borrower in producing and distributing a world class film project, which we believe will be an exceptional asset” said Joshua Estes, Managing Partner of EastBank Capital.
About EastBank Capital
EastBank Capital (eastbankcapital.com) is a leading international private firm offering Project Finance Loans to clients throughout the world with more than 20 years of combined experience. EastBank Capital’s executives meet the needs of its clients by offering a highly integrated and collaborative range of expertise across key business sectors throughout its global network. EastBank Capital’s integrated practice is underpinned by its team members’ acknowledged expertise and a strong tradition of innovation and client service.
This announcement contains statements that are, or may be, forward-looking statements. All statements other than statements of historical facts included in this announcement may be forward-looking statements. Forward-looking statements often use words such as "target","plan","believe","expect","aim","intend","will","should","could","would","may","consider","anticipate","estimate","synergy","cost saving","project","goal" or "strategy" or words or terms of similar substance or the negative of such words. Forward-looking statements include statements relating to the following: (i) the expected timetable for implementing the transaction, future capital expenditures, expenses, revenues, earnings, synergies, economic performance, financial condition, losses and future prospects of EastBank Capital and (ii) business and management strategies and the expansion and growth of EastBank Capital’s operations and potential synergies resulting from the transactions contemplated.
These forward-looking statements are not guarantees of future performance. They have not been reviewed by auditors. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements, including, among other things, the enactment of legislation or regulation that may impose costs or restrict activities; the re-negotiation of contracts or licenses; fluctuations in demand and pricing; fluctuations of exchange controls, changes in government policy and taxation; industrial disputes; war and terrorism. These forward-looking statements involve known and unknown risks and uncertainties which may cause them to differ from the actual results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on numerous assumptions regarding the present and future business strategies of such persons and the environment in which each will operate in the future. Investors are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this announcement. All subsequent oral or written forward-looking statements attributable to EastBank Capital or any of their respective members, directors, officers or employees or any persons acting on their behalf are expressly qualified in their entirety by the cautionary statement above. All forward-looking statements included in this announcement are based on information available to EastBank Capital on the date of this announcement and are made only as of the date of this announcement. Undue reliance should not be placed on such forward-looking statements. Subject to compliance with their legal and regulatory obligations, EastBank Capital does not intend, or undertake any obligation, to update any forward-looking statements contained in this announcement.