REinvent is first Danish enterprise to benefit from the European Investment Fund's Cultural and Creative Sectors Guarantee Facility
Case News
As the first in Denmark, the production company REinvent Studios, a packaging, financing and sales studio for Danish films and TV series, has entered into a EUR 26m guarantee facility agreement with the European Investment Fund (“EIF") under EIF's new Cultural and Creative Sectors Guarantee Facility. Plesner represented EIF in the negotiations concerning the facility.
This new guarantee facility will enable REinvent to finance new film and TV projects over a 3-year period with a guarantee from EIF for up to EUR 26m. REinvent expects this to involve “more series for young people, horror stories and powerful dramas with a special Scandinavian touch”, among other things.
The transaction illustrates the breadth of the advice provided by Plesner’s Bank & Finance team and was described in more detail in the Danish newspaper Børsen on 1 February 2021.