Movie Gallery Completes Financing

On April 27, 2005, Movie Gallery, Inc. and its Canadian subsidiary, Movie Gallery Canada, Inc., completed a US$870 million financing with a syndicate of lenders led by Wachovia Bank, National Association, as US administrative agent, and Congress Financial Corp. (Canada), as Canadian administrative agent. The proceeds of the financing were used by Movie Gallery in connection with its acquisition of Hollywood Entertainment Corp., which established Movie Gallery as the second largest home video retailer in North America.

Movie Gallery was represented by executive vice-president, secretary and general counsel, S. Page Todd, and assisted in the US by Alston & Bird LLP with a team that included Richard Grice, Todd Roach and Gary McNorrill; and in Canada by Goodmans LLP with a team that consisted of Mark Surchin, Brad Ross and Sam Tyler.

Wachovia was represented by Mayer, Brown, Rowe & Maw LLP with a team that included Suzanne Alwan, Michelle Warchol, Gregory Ruback, Shane Deaton, Benjamin Lau and Mark Wojciechowski. Congress was represented by Bennett Jones LLP with a team that consisted of Dan Ford and Juliana Abdo.