Minneapolis - Navarre Corporation, a publisher and distributor of physical and digital home entertainment and multimedia products, announced on Friday a $110 million debt refinancing, consisting of a $95 million credit facility with GE-Corporate Lending, and a four-year, $15 million loan facility with Monroe Capital Advisors.

Minneapolis-based Navarre distributes both physical CDs and DVDs, and publishes video games through its Encore unit. Navarre also owns FUNimation, a licensor and home distributor of Japanese animation properties such as "DragonBall Z" and "Fullmetal Alchemist."

The proceeds of the financing will be used to refinance the company's previous debt facilities, as well as for working capital.

Related Links:
http://biz.yahoo.com/prnews/070322/cgth044.html?.v=90

http://www.navarre.com

http://www.encoreusa.com