Trimark’s credit facility is hiked

Trimark Holdings Inc. has closed a $75 million, four-year syndicated credit facility agented and arranged by the Chase Manhattan Bank.

This new facility, which replaces the company’s prior $25 million credit line, includes a syndicate of Los Angeles-based entertainment lending institutions as well as other domestic and international commercial banks.

The increased credit line will be used to expand operations, acquisitions and productions by Trimark Pictures, and for video distribution by Vidmark Entertainment.

Trimark has recently broadened its theatrical distribution department in anticipation of an increase in exhibition activities. The next slated release is the Rodney Dangerfield comedy “Meet Wally Sparks” on Jan. 31.

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