Spotlight Capital Holdings, Inc. (OTC Pink Current: SLCH) confirms today that it has reached agreement with a major US-based finance group to utilize that finance group’s existing credit facility at a top-5 US bank. Spotlight Capital Holdings is now authorized to access up to $150,000,000.00 (one hundred fifty million) in capital under the finance group’s credit facility, provided that the company delivers investment-grade collateral to the finance group’s bank to secure their drawdowns.
Spotlight Capital Holdings, Inc. is further pleased to announce that they have reached agreement with a New York-based private equity firm, who will provide the needed collateral required by the finance group’s bank.
Spotlight Capital Holdings is comprised of three divisions operating in the film, music and concert promotion industries. For further information about the company and its businesses, contact:
Aaron C. Johnson
President
Andre’ L. Ligon
General Counsel
TELEPHONE 213 337-6784
EMAIL: info@spotlightholdings.com
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control.