Great Rock Capital agented a $130 million senior secured revolving credit facility for Panavision Inc. Panavision, a sponsor-owned company, is a premier global provider of high-precision cinema lenses, cameras, lighting equipment, and post-production services for the motion picture, television, and commercial markets. The company operates in 11 countries worldwide.
The new revolving credit facility, secured by current and fixed assets, refinanced the company’s existing debt and provides incremental liquidity and financial flexibility to drive future growth. Siena Lending Group served as a participant in the financing.
“For more than 70 years, Panavision has provided cutting-edge technical solutions to the motion-picture industry,” said Kim Snyder, President and CEO of Panavision. “Today, with the support of Great Rock Capital, we are well-positioned for continued growth and ongoing innovation as we strategically pursue the exciting opportunities that lie ahead.”
“Panavision is an industry leader that consistently provides groundbreaking equipment and top-tier service to its diversified customer base,” said Stuart Armstrong, CEO of Great Rock Capital. “The company’s ongoing success is driven by its high-caliber management team, and we look forward to growing our financial partnership.”