- Wonderfilm Media Corporation announced the co-marketing of a third-party asset-backed debt facility
- Through easier access to funds, the company will enhance its ability to deliver content to streaming services, theaters and broadcasters
- The market currently provides excellent opportunities to well-positioned players like Wonderfilm due to the rapid expansion of the content streaming segment
Wonderfilm Media Corporation (TSX.V: WNDR) (OTCQB: WDRFF) announced on October 22, 2019, the co-marketing of a third-party, $50-million asset-backed debt facility, designed to increase company revenue and its overall production efficiency, according to a press release (http://nnw.fm/iG0dJ).
The facility will be a U.S.-based limited liability corporation. It would exclusively support and be secured against specific future Wonderfilm productions. Through the facility, Wonderfilm will benefit from accelerated approval and scheduling of production and delivery of its film and television slate. In addition, the company will benefit from…
NOTE TO INVESTORS: The latest news and updates relating to WDRFF are available in the company’s newsroom at http://nnw.fm/WDRFF
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