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.
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