HIT Entertainment reaches agreement with creditors

HIT Entertainment, the children's entertainment producer that's home to properties such as Bob the Builder, and Angelina Ballerina, has reached an agreement with its lending group to amend and extend its credit facilities.

April 19, 2010

HIT Entertainment, the children’s entertainment producer that’s home to properties such as Bob the Builder and Angelina Ballerina, has reached an agreement with its lending group to amend and extend its credit facilities.

The company saw its revenue increase from US$238.4 million to US$249.2 million in the 12 months to July 31, 2009. The new creditor arrangements will allow for continued expansion at the company.