Sunday 26 January, 2020

CinemaONE raises multi-million funding through Guardian General Trust

CinemaONE Limited, a premium movie exhibition company and the first Company to list on T&T’s SME Exchange, has announced the closing of a TT $40M round of debt financing arranged by Guardian Group Trust Limited.

The funding will be used to build out CinemaOne’s premium VIP cinemas in the Gulf City Mall, San Fernando, re-finance existing debt, and to further expand its national and international presence.

“Our strategy is to offer the best-enhanced movie experiences across Trinidad and Tobago and the region,” said Brian Jahra Co-Founder and Chairman of CinemaONE.

“With the relationships, capital and expertise of Guardian Group Trust Limited, CinemaONE is positioned to not only complete the build-out its second luxury Cineplex site in the South of Trinidad but to also continue bringing innovation to the cinematic experience”.

Supported by its unique distribution capabilities, Guardian Group Trust Limited (GGT) is increasingly playing a more active role in the local and regional capital markets by structuring customised private and public placements.

 Brent Ford Managing Director of Guardian Group Trust said: “CinemaOne is building what we think will be a national and potentially regional chain of movie theatres. Its recent successful IPO launch onto the SME tier of  the Trinidad and Tobago Stock Exchange and GGT’s additional raise of long term funding will allow it to execute its strategic expansion objectives.”

 

Get the latest local and international news straight to your mobile phone for free: