Arts Alliance Media Signs Deal for €50M Funding

The rollout of digital cinema to exhibitors across Europe received a significant boost today with the announcement that Arts Alliance Media, Europe’s leading digital cinema company, has reached an agreement to secure €50m in funding for its initiative. Funds advised by Sankaty Advisors, the credit affiliate of Bain Capital, have agreed to provide funding to support the rollout over the next two years, subject to final documentation. Sankaty Advisors, which currently manages approximately $20 billion in committed capital, will provide a combination of senior and mezzanine debt for deployment of digital cinema equipment into cinemas across Europe. The deal is expected to close in 30 days.