FilmCo expected to launch $134 million revolver in early December

By Sara Rosenberg

New York, Nov. 20 - FilmCo is anticipated to hold a bank meeting in early December to launch its proposed $134 million five-year revolving credit facility, according to a market source.

Goldman Sachs is the lead arranger and bookrunner on the deal.

Proceeds from the loan, along with $35 million of six-year second-lien mezzanine notes and $35 million of equity, will be used to finance 50% of Lionsgate Entertainment's next 23 films.

The borrower is a joint venture with Lionsgate.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.