Comweb and WFW complete $40 million refinancing deal

The agreement with BMO allows the production rental giant to continue stocking up on new equipment to serve a resurgent Canadian production sector.
Photo: Buddawiggi, Flickr Creative Commons

Production rental giant Comweb Corp. and William F. White International have inked a $40 million financial arrangement with BMO Finance Group to fund an on-going expansion.

“We’re excited that BMO has shown confidence in us with the largest refinancing in our company’s history,” said Paul Bronfman, Comweb chairman and CEO, in a statement Thursday.

A resurgent Canadian production sector has had William F. White bulking up on the latest production equipment.

“We remain committed to future growth and expansion while continuing to focus on acquiring the most cutting-edge production technologies, empowering filmmakers to do what they do best-tell their stories,” Bronfman added.

The refinancing was done through BMO’s corporate finance division, and involves Comweb Corp. and its subsidiary William F. White International.