Involved in the credit expansion are all leading banking entities that already did so for the previous syndicated loan, such as Banesto, acting as agent entity on the deal - ING, BBVA, Banco de Sabadell and Caja Madrid.
Involved in the credit expansion are all leading banking entities that already did so for the previous syndicated loan, such as Banesto - acting as agent entity on the deal - ING, BBVA, Banco de Sabadell and Caja Madrid
Madrid, London, Denver 28th of December 2010 - Zed, leading global cross platform creator, distributor and publisher of digital content & entertainment, has signed the expansion of its syndicated loan in order to fund its Business Plan. This expansion, that adds up to i160 million $ (122,5 million $), is expected to strengthen main corporate business lines.
This loan has the support of all the banks that have participated in the previous syndicated (Banesto, ING, BBVA, Banco de Sabadell and Caja Madrid), and also institutional support from the Official Credit Institute (Known under its Spanish abbreviation ICO).
Javier Pérez Dolset, Zed`s CEO & founder, stated "We give thanks to all the entities participating in this expansion for their confidence in the strength and size of Zed's sound business and corporate project dimension, especially during the current financial market conditions. It is also important to note the institutional involvement in the driving business, such as Zed, that adds value and puts their business focus in pursuit of innovation and creativity."
On the other hand, Óscar Aguado, Zed`s Chief Financial Officer, said that "the fundamental goal of this extension is to support the development of the company's strategic plan, with particular focus on social networking products and a huge boost on high potential markets in which we already operate. "
This way, Zed consolidates its business project with the support of both financial and institutional sector and intends to expand its activity especially on multiplatform digital entertainment sector in markets such as USA, Russia and Asia.