Jason Zelin of Completion Bond Company added that they are eager to assist producers in obtaining financing by qualifying them with the banks.
Internationally, Film Finances is the dominant player, although Completion Bond Company is planning a series of international joint venture arrangements with foreign-based domestic bonding companies.
A completion bond
is the standard means to assure investors that a film will be completed and distributed even if it runs over budget.
the leading provider of completion guarantees for film finance, to see if they would supply the necessary completion bond
Construction completion bonds
are excluded from the additional bonds test.
Such resources include contingency reserves, debt service reserves, capitalized interest, commercial credit lines, and completion bonds
Valencia brings to Marsh more than 20 years of entertainment risk management experience with a wide range of production-specific exposures, including global filming activities, completion bonds
, aircraft, watercraft, stunts, climate, and political risk.
The additional bonds test for the series 2010B bonds, excluding up to $50 million of completion bonds
, is a weak 1.
Project completion bonds
up to 10% of project costs are not subject to the additional bonds test (ABT).
MJMEUC expects to fund the remaining portion of its cost of the Prairie State project (currently estimated at approximately $65 million) with project completion bonds
Through International Film Guarantors (IFG), a Fireman's Fund subsidiary, the company is also able to provide completion bonds
Unexpected cost increases (approximately $5 million) related to raw materials for the Gateway Project drove MICA's decision to issue completion bonds