Rizvi affiliate gets $300 million debt financing for RealD acquisition

By Marisa Wong

Morgantown, W.Va., Nov. 9 – Rhombus Cinema Holdings, LLC, an affiliate of Rizvi Traverse Management, LLC, has obtained $300 million of debt financing in connection with Rizvi’s planned acquisition of RealD Inc., according to an 8-K filing with the Securities and Exchange Commission.

The transaction is valued at roughly $551 million.

Rhombus has also obtained commitments for $125 million of preferred equity financing, the filing said.

Rizvi is a Birmingham, Mich.-based private equity investor that invests in the media, entertainment and technology sectors. Beverly Hills, Calif.-based RealD is a licensor of 3-D technologies.

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