HIT Entertainment, one of the world's leading independent children's entertainment producers and rights owners, has successfully reached agreement with its lenders to amend and extend its credit facilities.
Press Release from HIT Entertainment
London, 18 April, 2010: HIT Entertainment, one of the world's leading independent children's entertainment producers and rights owners, has successfully reached agreement with its lenders to amend and extend its credit facilities.
"We are delighted to conclude these negotiations with our lending group and are grateful for their support," said Jeffrey Dunn, President and CEO of HIT. "This allows us to focus on what we do best - making great entertainment for kids."
The company saw revenues increase to $249.2m from $238.4m in the 12 months to July 31, 2009.
The new creditor arrangements pave the way for continued expansion at the company, a leading international player in children’s entertainment.
Rick DeMott
Animation World Network
Creator of Rick's Flicks Picks
