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Medient Secures $5MM Credit Line From TCA Global Credit

Date: Aug 27, 2013 @ 07:56 AM
Filed Under: Media

Medient Studios, Inc. has executed a $5 million credit facility with TCA Global Credit Master Fund, LP ('TCA'). The facility will finance development of motion pictures and also Print and Advertising costs for US domestic release of films.

"Enabling a dedicated fund for development and P&A is the next logical step as we continue to insource and realign the process of how films are produced, marketed and distributed," said Manu Kumaran, Chairman & CEO of Medient. "We are thankful to TCA for believing in our vision, and providing this asset-backed lending facility to the Company," he added.

Donna Silverman, Portfolio Manager for TCA Global Credit Master Fund commented, "Medient's vision is truly extraordinary, and we are proud to provide finance to help the Company's future growth.  We look forward to a long term partnership with the Medient team."

Medient is realigning the content creation process to enable efficiencies of scale and eliminate process waste by building a fully integrated movie and game production facility and campus on a 1,550 acre property in Effingham County, GA. Once operational this production facility will be the largest of its kind in the United States.

TCA Founder, Bob Press has more than 20 years of experience in the  small-cap lending space, and has worked with the fund's Portfolio Manager Donna Silverman since 2001. The team's unparalleled level of domestic and cross-border expertise, long-standing relationships and funding innovations, reflect in the number of completed transactions. TCA provides a unique offering for investors seeking absolute, uncorrelated returns in the small cap debt universe.

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