Cin­e­maONE Ltd on Wednes­day an­nounced the clos­ing of a $40M round of debt fi­nanc­ing arranged by Guardian Group Trust Ltd.

This fund­ing would be used to build out Cin­e­maOne’s pre­mi­ums VIP cin­e­mas in the Gulf City Mall, San Fer­nan­do, re-fi­nance ex­ist­ing debt, and to fur­ther ex­pand its na­tion­al and in­ter­na­tion­al pres­ence, the com­pa­ny said in a state­ment.

“Our strat­e­gy is to of­fer the best en­hanced movie ex­pe­ri­ences across Trinidad and To­ba­go and the re­gion.”

“With the re­la­tion­ships, cap­i­tal and ex­per­tise of Guardian Group Trust Lim­it­ed, Cin­e­maONE is po­si­tioned to not on­ly com­plete the build out its sec­ond lux­u­ry Cine­plex site in the South of Trinidad but to al­so con­tin­ue bring­ing in­no­va­tion to the cin­e­mat­ic ex­pe­ri­ence,” ex­plained Bri­an Jahra co-founder and chair­man of Cin­e­maONE.

Sup­port­ed by its unique dis­tri­b­u­tion ca­pa­bil­i­ties, Cin­e­maONE not­ed that Guardian Group Trust Lim­it­ed (GGT) was in­creas­ing­ly play­ing a more ac­tive role in the lo­cal and re­gion­al cap­i­tal mar­kets by struc­tur­ing cus­tomised pri­vate and pub­lic place­ments.

Ac­cord­ing to Brent Ford Man­ag­ing Di­rec­tor of Guardian Group Trust, “Cin­e­maOne is build­ing what we think will be a na­tion­al and po­ten­tial­ly re­gion­al chain of movie the­atres. Its re­cent suc­cess­ful IPO launch on­to the SME tier of the Trinidad and To­ba­go Stock Ex­change and GGT’s ad­di­tion­al raise of long term fund­ing will al­low it to ex­e­cute its strate­gic ex­pan­sion ob­jec­tives.”

Cin­e­maONE Ltd, for­mer­ly Gi­ant Screen En­ter­tain­ment was in­cor­po­rat­ed on De­cem­ber 11, 2009 for the pur­pose of li­cens­ing and de­ploy­ing the first IMAX the­atre in the Caribbean re­gion and en­ter­ing the cin­e­ma ex­hi­bi­tion mar­ket in Trinidad with a high­ly dif­fer­en­ti­at­ed, patent­ed IMAXand IMAX 3D tech­nol­o­gy.

In 2016 Cin­e­maONE launched Gem­stone VIP Cin­e­mas, the coun­try’s first lux­u­ry seat side ser­vice Cine­plex and in 2018 Cin­e­maONE com­plet­ed the built out of its third en­hanced movie ex­pe­ri­ence, 4DX, at One Wood­brook Place, Port-of-Spain.