BondIt Media Capital has increased its credit facility with Revere Capital by up to $70 million.
Founded in 2013, BondIt has posited over $150 million of capital into over 325 film, TV and other media projects. These include “Honest Thief” (starring Liam Neeson), “Midway” (a Roland Emmerich-directed WW2 film), “Loving Vincent” (the 2018 Oscar-nominated animated film) and “Street Gang: How We Got to Sesame Street” (an upcoming documentary on HBO Max).
“Over the past three years we’ve formed a deep partnership with the team at Revere, leading to a meaningful expansion of BondIt’s financing capacity and executive production pipeline,” BondIt CEO and co-founder Matthew Helderman said in a statement.
BondIt works closely with sister companies Buffalo 8, which handles production, post-production and distribution, and ABS Payroll, which offers accounting and other financial services in the entertainment industry.
Unlike other media industry financiers, BondIt offers in-house production and post-production infrastructure, designed to serve the unique needs of producers and their various projects, regardless of budget or profile.
“BondIt has nearly doubled in size since June 2020 when film and TV production activities began to ramp up following a pandemic-related slowdown,” Helderman said. “We’re excited to extend our partnership with Revere to build off of that momentum together.”
This news comes just days after BondIt closed the full financing and started production on “National Champions,” directed by Ric Roman Waugh and produced by Basil Iwanyk’s Thunder Road production company.
The deal was structured by BondIt CFO Don McGreal and BondIt co-founder and COO Luke Taylor with Revere Capital’s Suman Mallick and Chris Gilker.