Posted On: 06/19/2013 6:01:46 PM
Post# of 7459
TCA PR Announcing HHSE $5M Loan
TCA Press Release Announcing $5,000,000 Hannover House Loan
Source: TCA Global Credit Master Fund
TCA Global Funds Hannover House $5-mm
(LONDON – June, 2013) – TCA Global Credit Master Fund, TCA, and Hannover House, the Company, (OTC: HHSE) have announced the closing of a $5-million revolving credit line. The agreement with TCA enables the Company to borrow up to $5-million, based on a mutually approved formula of eligible receivables and assets.
The Company is a full-service entertainment distributor, with activities in the production, acquisition and release of films, videos and publishing properties in the North American marketplace.
The TCA funding agreement designates that the use of proceeds be for the creation of new sales and Accounts Receivable, while the Company is restricted from utilizing the funds for the retirement of existing debt. TCA will maintain and operate a bank account "lock box" for the collection and disbursement of the Company's A/R, and will become the senior, secured lender for Hannover House.
"We are pleased to have completed this financing transaction with TCA," said Hannover House President, D. Frederick Shefte. "The availability of significant funding for new title acquisition and releasing costs creates stability for the company and the certainty of continued growth and market viability."
TCA Global Credit Master Fund, TCA, is a short duration, absolute return fund specializing in senior secured lending and advisory services to small, mainly listed companies predominately in the U.S., Canada, Western Europe and Australia. TCA's specialist business fills the underserved small-cap lending gap which exists in these leading markets.
TCA Founder, Mr. Bob Press has more than 20 years of experience in this niche small-cap lending space, and has worked with the fund's Portfolio Manager Donna Silverman since 2001. The teams unparalleled level of domestic and cross-border expertise, long-standing relationships and funding innovations, reflects in the number of completed transactions.
TCA Global Credit Master Fund provides a unique offering for investors seeking absolute, uncorrelated returns in the small cap debt universe. For more information about TCA Global Credit Master Fund, visit:
TCA Press Release Announcing $5,000,000 Hannover House Loan
Source: TCA Global Credit Master Fund
TCA Global Funds Hannover House $5-mm
(LONDON – June, 2013) – TCA Global Credit Master Fund, TCA, and Hannover House, the Company, (OTC: HHSE) have announced the closing of a $5-million revolving credit line. The agreement with TCA enables the Company to borrow up to $5-million, based on a mutually approved formula of eligible receivables and assets.
The Company is a full-service entertainment distributor, with activities in the production, acquisition and release of films, videos and publishing properties in the North American marketplace.
The TCA funding agreement designates that the use of proceeds be for the creation of new sales and Accounts Receivable, while the Company is restricted from utilizing the funds for the retirement of existing debt. TCA will maintain and operate a bank account "lock box" for the collection and disbursement of the Company's A/R, and will become the senior, secured lender for Hannover House.
"We are pleased to have completed this financing transaction with TCA," said Hannover House President, D. Frederick Shefte. "The availability of significant funding for new title acquisition and releasing costs creates stability for the company and the certainty of continued growth and market viability."
TCA Global Credit Master Fund, TCA, is a short duration, absolute return fund specializing in senior secured lending and advisory services to small, mainly listed companies predominately in the U.S., Canada, Western Europe and Australia. TCA's specialist business fills the underserved small-cap lending gap which exists in these leading markets.
TCA Founder, Mr. Bob Press has more than 20 years of experience in this niche small-cap lending space, and has worked with the fund's Portfolio Manager Donna Silverman since 2001. The teams unparalleled level of domestic and cross-border expertise, long-standing relationships and funding innovations, reflects in the number of completed transactions.
TCA Global Credit Master Fund provides a unique offering for investors seeking absolute, uncorrelated returns in the small cap debt universe. For more information about TCA Global Credit Master Fund, visit:
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