Given the world financial crisis and today’s U.S. stock market collapse (ugh, not again), I find it surprising that yet another independent Hollywood production company just managed to find financing. Media Rights Capital six weeks ago began looking for a $350 million revolving line of credit fund and completed the deal Friday. I’m told it was over-subscribed by the top 10 entertainment bankers. Stepping up to the plate were lead bankers Comerica and JP Morgan Chase, the latter of which also secured $700 million in credit to complete the DreamWorks-Reliance $1.2 billion partnership. MRC’s big bucks will be used for financing films, TV, the works. Here’s hoping that Paramount can get acceptable terms for its overall financing very soon.
Another Indie Finds Big Bucks Financing
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