FilmCo $134 million revolver launch expected in first half of January

By Sara Rosenberg

New York, Dec. 12 - FilmCo is expecting to hold a bank meeting in the first half of January to launch its proposed $134 million five-year revolving credit facility, according to a market source.

Originally, it was anticipated that the deal was going to launch in early December, but it then got pushed off to 2007 business.

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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