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Rise Line Business Credit Provides $6.5MM Revolver to H.O.P New York Entertainment

August 23, 2017, 07:05 AM
Filed Under: Entertainment

Rise Line Business Credit, LLC announced the closing of a $6.5 million asset-based revolving credit facility for H.O.P New York Entertainment, LLC, d/b/a Postworks New York (Postworks).

Postworks, founded in 1995, is a cornerstone of the New York film and television industry, providing essential post-production services and expertise to motion picture studios, broadcasters, television producers and independent filmmakers worldwide. Postworks supports production in its New York facilities, as well as builds, delivers and maintains mobile editorial systems used around the globe.

“Rise Line is pleased to have this opportunity to partner with Postworks and the company’s management team,” said Gaurang Vyas, Managing Principal at Rise Line.

“We worked closely with David Rosen and his team to provide a tailored financing solution that directly addresses the company’s capital needs and supports their growth initiatives,” added Daniel O’Rourke, CEO at Rise Line. “

Rise Line provided an attractive financing alternative for Postworks,” said David Rosen, CEO at Postworks. “We are pleased with the solution Rise Line developed and look forward to working with the team over the coming years.”

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