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Anime News

Navarre Refinances $65 Million
Date: 11/13/2009
Funimation parent Navarre has refinanced its debt until November, 2012. The $65 million asset-based facility will be provided by Wells Fargo Foothill and Capital One Leverage Finance Corporation. Proceeds will be used to pay off the existing facility and for working capital.



Navarre will recognize a charge of $325,000 in the current quarter related to debt acquisition costs of the previous credit facility.
Source: ICv2