New Element: Rich P&A deal

November 07, 2006 Element Films has finalized a deal with New York-based Merrill Lynch to secure a revolving loan facility providing Element with up to $220 million of capacity to finance the prints and advertising budgets of its movies. Element self-finances its motion picture projects, maintains a multipicture distribution arrangement with Lionsgate and controls the international distribution of its product through its in-house foreign sales division, Element Films International. The loan will enable Element to fully finance the marketing campaigns that will be integral to the success of these wide releases.

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