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Indomina Media Closes $26MM Facility With Comerica Bank

03/03/2014
The loan will finance Indomina's upcoming slate of motion pictures, filmed mostly at Pinewood Indomina Studios in the Dominican Republic. Indomina will combine the Comerica loan with soft money solutions, mostly represented by the 25% Dominican transferable tax credit production incentive on above- and below-the-line costs to finance two to three English-language motion pictures per year. Comerica's loan comes on the heels of another major endorsement of Indomina by the international banking community. In April, 2013, the International Finance Corporation, a member of the World Bank Group, announced a $20 million direct investment in Indomina and an additional $10 million loan syndication.

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