WildBrain raises US$12.2-million to finance growth
HALIFAX — Broadcaster and kids content maker WildBrain announced Wednesday it has completed an initial closing of US$12.2 million in financing for acquisitions and investments to drive the company’s content and brand strategy, with a special focus on its AVOD business, WildBrain Spark. As part of the previously announced financing agreement with WildBrain’s largest shareholder, Fine Capital Partners has agreed to purchase up to US$18.5 million (approximately C$25 million) of exchangeable secured debentures issued by a newly formed subsidiary of WildBrain. The balance of the commitment is available to be called by the subsidiary at any time, subject to certain...
