BuzzFeed Subsidiary Secures $5.2 Million Loan from BondIt LLC for Feature Film Production

Reuters

06/21

BuzzFeed Subsidiary Secures $5.2 Million Loan from BondIt LLC for Feature Film Production

BuzzFeed Inc. has announced a new financing agreement through its majority-owned subsidiary, 2X Blind Partners, Inc. On June 13, 2025, the subsidiary entered into a loan and security agreement with BondIt LLC, securing a loan commitment of $5.2 million. The funds will support the production, post-production, and delivery costs of a feature film currently in production. Of the total commitment, $4.6 million will be received in cash installments from June to August 2025, while $0.6 million will cover various expenses to the lender. The loan is expected to be repaid through proceeds from distribution rights contracts and anticipated production tax credits, with specific repayment dates set for March, August, and September 2026. The agreement also allows for optional additional funding if necessary, with several conditions outlined as potential events of default that could accelerate repayment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BuzzFeed Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001828972-25-000173), on June 20, 2025, and is solely responsible for the information contained therein.

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ID: 0001828972-25-000173), on June 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4111","symbol_name":"出版","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250620:nNDL6twclb:1","article_id":"2545317073","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545317073","pubTimestamp":1750450857,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BuzzFeed Inc. has announced a new financing agreement through its majority-owned subsidiary, 2X Blind Partners, Inc. 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