BEIJING, June 7, 2013 (GLOBE NEWSWIRE) -- Bona Film Group Limited ("Bona" or the "Company") (Nasdaq:BONA), a leading film distributor and vertically integrated film company in China, today announced that Bona Film Group Co., Ltd. (PRC) has entered into a master credit line agreement with China Minsheng Banking Corp., Ltd. ("China Minsheng Bank"). Pursuant to this agreement, China Minsheng Bank has agreed to provide a cyclical revolving credit line in the amount of RMB200 million (approximately US$34.2 million) for a term of three years. The credit line will be used to fund the continued expansion of the Company's movie theater business and the Company's film production business, distribution business and daily operations. Bona Film Group Co., Ltd. (PRC) has entered into a loan agreement to obtain a short-term loan of RMB50 million (approximately US$8.1 million) under this credit line.
Bona Film Group Secures RMB200 Million Credit Facility From China Minsheng Bank
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