Cookie Jar Ent. has secured an expanded $40 million line of credit and has added Bank of America to its strategic lending relationships, led by RBC Capital Markets.
The extra capital will be used to finance an ever-growing lineup of new production in support of hit show THE DOODLEBOPS, evergreen classics such as CAILLOU, ARTHUR, and JOHNNY TEST, the newly launched HURRAY FOR HUCKLE and MAGI-NATION, and an extensive development slate for 2008 and 2009.
"The financing reflects the growth and performance exhibited by the business," said Scott McCaw, Cookie Jar CFO. "This partnership now provides sufficient capital to meet the needs of our expanding production slate for 2008, which is expected to exceed 200 episodes, and to support the continued development and growth of the business in 2009 and beyond."