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Credit Facility

All articles tagged with #credit facility

business1 year ago

Neon Secures $200M Credit Facility for Expansion and Growth

Neon, an independent film distributor and producer, has secured a credit facility exceeding $200 million from Comerica Bank to enhance its core operations and expand into new markets. This funding will support Neon's film acquisition, development, production, and distribution efforts, as well as its international growth. The company, known for its successful releases like "Parasite" and recent hits such as "Anora" and "Longlegs," continues to strengthen its position in the film industry with strategic initiatives and upcoming projects.

cryptocurrency2 years ago

Coinbase Provides $50M Credit Line to Hut 8 for Bitcoin Treasury Support

Hut 8 Mining, a Canadian Bitcoin mining company, has secured a $50 million credit facility from Coinbase Credit to maintain its Bitcoin treasury management strategy going into the halving. The loan provides a $15 million term loan and an option for two additional delayed-draw term loan tranches. Hut 8 CEO Jaime Leverton stated that the credit facility provides the firm with additional financial flexibility and ensures that they can maintain their dynamic Bitcoin treasury management strategy going into the halving. Hut 8 has remained true to its "long-standing HODL strategy" and held a total of 9,133 self-mined Bitcoin held in custody as of March 31, 2023.