Extra cash for Atlantis

Atlantis Communications has arranged for credit financing of $50 million with the Royal Bank of Canada, bringing the company’s credit facilities to more than $80 million. The extra cash allows the company to interim finance many of its productions.

At the end of 1994, Atlantis had $17 million in interim financing advanced on its own productions. Says cfo Mona Stirling in a press release: ‘NowÉwe will recover the majority of the cash we advanced as interim program financing. This will result in increased liquidity and allow us to respond quickly to new opportunities in 1995 and beyond.’

Cable Fund now open

The doors of the Cable Production Fund open May 8. The cpf had been awaiting approval from the crtc.