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Comweb/William F. White Int’l Announce $40 Million Financing Arrangement with BMO Financial Group
Thursday May 09th 2013Paul Bronfman, Chairman/CEO of Comweb Corp. and leading equipment provider, William F. White International Inc. (WFW) announced that his company has entered into a $40 million financing arrangement with BMO Financial Group. This marks the beginning of a new partnership between Canada’s oldest bank and Canada’s oldest and largest provider of professional motion picture, television, digital media, theatrical production equipment and technical services.
The financing was executed through BMO’s Corporate Finance Division which has established itself as a leading lender to the media industry. It involves the parent company of Comweb Group, which is Comweb Corp. including its largest wholly-owned subsidiary, William F. White Int’l Inc. along with Comweb Toronto Reality (William F. White Centre Toronto), Comweb Holdings (WFW Vancouver), and Comweb Studio Holdings Inc. (Comweb’s 20 percent investment in Pinewood Toronto Studios Inc.). The arrangement does not include Comweb Media Investments Inc. which is a significant shareholder in Astral Media Inc.
“We’re excited that BMO has shown confidence in us with the largest refinancing in our company’s history,” said Bronfman. ”We remain committed to future growth and expansion while continuing to focus on acquiring the most cutting-edge production technologies, empowering filmmakers to do what they do best-tell their stories.”
“This transaction demonstrates BMO’s ability to attract exceptional Canadian companies through our innovative financing solutions and expertise in the media sector,” said Jim Kelsey, Senior Vice-President, Corporate Finance Division, Personal and Commercial Banking Canada, BMO Bank of Montreal.
Front Page, Industry News
Comweb/William F. White Int’l Announce $40 Million Financing Arrangement with BMO Financial Group
Thursday May 09th 2013Paul Bronfman, Chairman/CEO of Comweb Corp. and leading equipment provider, William F. White International Inc. (WFW) announced that his company has entered into a $40 million financing arrangement with BMO Financial Group. This marks the beginning of a new partnership between Canada’s oldest bank and Canada’s oldest and largest provider of professional motion picture, television, digital media, theatrical production equipment and technical services.
The financing was executed through BMO’s Corporate Finance Division which has established itself as a leading lender to the media industry. It involves the parent company of Comweb Group, which is Comweb Corp. including its largest wholly-owned subsidiary, William F. White Int’l Inc. along with Comweb Toronto Reality (William F. White Centre Toronto), Comweb Holdings (WFW Vancouver), and Comweb Studio Holdings Inc. (Comweb’s 20 percent investment in Pinewood Toronto Studios Inc.). The arrangement does not include Comweb Media Investments Inc. which is a significant shareholder in Astral Media Inc.
“We’re excited that BMO has shown confidence in us with the largest refinancing in our company’s history,” said Bronfman. ”We remain committed to future growth and expansion while continuing to focus on acquiring the most cutting-edge production technologies, empowering filmmakers to do what they do best-tell their stories.”
“This transaction demonstrates BMO’s ability to attract exceptional Canadian companies through our innovative financing solutions and expertise in the media sector,” said Jim Kelsey, Senior Vice-President, Corporate Finance Division, Personal and Commercial Banking Canada, BMO Bank of Montreal.
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Front Page, Industry News
Comweb/William F. White Int’l Announce $40 Million Financing Arrangement with BMO Financial Group
Thursday May 09th 2013Paul Bronfman, Chairman/CEO of Comweb Corp. and leading equipment provider, William F. White International Inc. (WFW) announced that his company has entered into a $40 million financing arrangement with BMO Financial Group. This marks the beginning of a new partnership between Canada’s oldest bank and Canada’s oldest and largest provider of professional motion picture, television, digital media, theatrical production equipment and technical services.
The financing was executed through BMO’s Corporate Finance Division which has established itself as a leading lender to the media industry. It involves the parent company of Comweb Group, which is Comweb Corp. including its largest wholly-owned subsidiary, William F. White Int’l Inc. along with Comweb Toronto Reality (William F. White Centre Toronto), Comweb Holdings (WFW Vancouver), and Comweb Studio Holdings Inc. (Comweb’s 20 percent investment in Pinewood Toronto Studios Inc.). The arrangement does not include Comweb Media Investments Inc. which is a significant shareholder in Astral Media Inc.
“We’re excited that BMO has shown confidence in us with the largest refinancing in our company’s history,” said Bronfman. ”We remain committed to future growth and expansion while continuing to focus on acquiring the most cutting-edge production technologies, empowering filmmakers to do what they do best-tell their stories.”
“This transaction demonstrates BMO’s ability to attract exceptional Canadian companies through our innovative financing solutions and expertise in the media sector,” said Jim Kelsey, Senior Vice-President, Corporate Finance Division, Personal and Commercial Banking Canada, BMO Bank of Montreal.
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