Film, television and media financing firm BondIt Media Capital has closed a new credit facility of $60 million with the option to increase to $100 million, from Keystone National Group, a private credit fund and investment advisory firm.
The new facility is aimed at refinancing an existing credit facility, that has been a key factor in BondIt’s growth over the last six years.
Suman Mallick and Chris Gilker, Keystone managing directors, have previously worked with the BondIt team to make strategic moves regarding opportunities in film, TV and media following the 2023 SAG and WGA strikes.
“Despite having to navigate through a series of challenges in recent years including industry strikes and interest rate increases, not to mention the pandemic, the BondIt team has continued to build a high-quality portfolio of projects and a sterling reputation in the industry,” Mallick and Gilker wrote in a joint statement. “We are excited to invest in them again and are confident that with this transaction, they will continue to grow and achieve higher levels of success.”
Matthew Helderman, BondIt CEO and co-founder, also released a statement that reads, “Suman and Chris have been BondIt allies for over six years, and we’re thrilled to be re-joining them in their roles at Keystone. This collaboration will enable us to unlock growth opportunities in the evolving landscape of film, television, and media that is going through unprecedented change.”
BondIt Media Capital has invested more than $400 million in more than 400 film, television, music, and media projects since 2013. Projects backed by BondIt include the “Clerks III” from Kevin Smith, the Oscar-nominated “Loving Vincent,” the upcoming “Terrifier 3”, the unscripted content company Boardwalk Pictures (“Chef’s Table”) and music tours from Alice Cooper, Blondie and The Corrs.
Bondit’s sister company is Buffalo 8, bolstering their combined capabilities in financing, pst-production, distribution and packaging.
Source Agencies
