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FilmCo $134 million revolver now expected as 2007 business
By Sara Rosenberg
New York, Nov. 30 - FilmCo now anticipates holding a bank meeting in 2007 to launch its proposed $134 million five-year revolving credit facility, as opposed to early December, 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.
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