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# 1938 Baird

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New York/Atlanta/Birmingham—Dec 8, 2010

EFA Partners Leads Cobb Theatres’ Efforts to Secure Financing

Provides funding for digital cinema equipment and growth capital
EFA Partners, an entertainment financial advisory firm focused on providing financing solutions for movie exhibitors, announced that it led and advised the recently closed financing facility for Cobb Theatres, a progressive motion pictures exhibitor operating 210 screens at 17 locations throughout the Southeastern United States.  The proceeds from the financing were utilized for Cobb’s digital cinema conversion, refinancing existing debt and growth capital for future acquisitions.

“We were very impressed with EFA as their financial experience with film exhibition and digital cinema allowed them to lead our financing effort from start to finish,” said Bobby Cobb, President and CEO of Cobb Theatres.  “With Cobb having a tradition of innovative entertainment, our patrons will see immediate benefits from this financing as we continue our conversion to digital and, in addition, the facility provides capital for our long term growth objectives.”

EFA’s principals have over 20 years of collective experience in film exhibition finance and have deep relationships within the banking and leasing communities.  This allowed them to procure numerous proposals for the Cobb financing and provide appropriate recommendations.  In addition, the EFA team assisted with the negotiation of all credit documentation as well as agreements related to digital cinema.

“We are extremely pleased to support Cobb’s growth and digital objectives,” said Brandt Gully, principal of EFA Partners.  “Cobb has been an industry leader for decades and we are excited to be the company’s exclusive advisory partners for its financing needs”.
About Cobb Theatres: Cobb Theatres, based in Birmingham, Ala., is a progressive motion picture exhibitor operating 231 screens at 19 locations throughout the Southeastern United States. We are committed to being the leader in providing the ultimate entertainment experience, while maintaining a rich heritage of family values and integrity. Consistently surpassing our guests' expectations is a natural outgrowth of our dedication to empowering team members to deliver excellence in guest service. Cobb Theatres Directory page About EFA Partners LLC: EFA Partners is a specialized financial advisory consulting firm focused on the various entertainment and media industries including film exhibition, digital cinema, film services, television, radio, publishing and various leisure sectors.  Through its network of financing sources, EFA provides capital placement services as well as a variety of transactional needs including strategic consulting for acquisitions, dispositions, and restructurings.  Senior members of the firm have over 60 years of industry experience and have been involved in transactions valued at over $5 billion.  Since its formation in early 2009, EFA has represented over 50 clients and successfully raised capital for growth, acquisitions, recapitalizations and equipment, and has advised on numerous business and marketplace strategies.  EFA’s offices are located in New York and Atlanta. EFA Partners LLC Directory page
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