FilmCo sets Jan. 10 launch for $134 million revolver

By Sara Rosenberg

New York, Dec. 19 - FilmCo has firmed up timing on the launch of its proposed $134 million five-year revolving credit facility with the scheduling of a bank meeting for Jan. 10 in Santa Monica, Calif., according to a market source.

Previously it was known that the launch would occur in the first half of January but specific timing had been unavailable.

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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