Los Angeles, CA February 20, 2014 – Designed to provide an increased physical production capacity and related filmed entertainment ventures, OddLot Entertainment confirmed today that it has closed a $50 million revolving credit facility with J.P. Morgan and Comerica as co-lead arrangers which may be increase up to $150 million. The funds are earmarked for several purposes including financing the development and production of current and upcoming projects under the OddLot Entertainment production banner. OddLot’s Co-President Bill Lischak led the deal on behalf of the company, along with Natalya Petrosova, who today was elevated to the role of Executive Vice President of Finance of the company where she has been employed for eight years, and Aaron Michiel, OddLot’s EVP of business and legal affairs.
Gigi Pritzker, OddLot’s CEO and founder, stated, “We’re so pleased to be in business with J.P. Morgan and our long-time banking partner, Comerica Bank. This arrangement positions the company for growth and we look forward to much activity going forward.”
OddLot is currently co-producing Ivan Reitman’s Draft Day starring Kevin Costner which will be released by Summit Entertainment on April 11, 2014; Mortdecai starring Johnny Depp, Gwyneth Paltrow, Ewan McGregor, Olivia Munn and Paul Bettany which Lionsgate will release; and Jon Stewart’s upcoming directorial debut Rosewater.
Natalya Petrosova joined OddLot in 2006 as the Senior VP of Finance. Petrosova is the key executive responsible for arranging and executing OddLot’s production financing and directing all company financial accounting and reporting. Most recently, Natalya was instrumental in analyzing and structuring finance plans for Drive, The Way Way Back, Ender’s Game, Rosewater, Draft Day and Mortdecai including taking the lead role in securing US and international production-related tax credits and rebates. Prior to joining OddLot, Natalya was a finance manager for Activision where she led the worldwide system implementation of financial planning applications and provided industry-related financial analysis. Natalya began her career with Artisan Entertainment where she was a senior financial analyst. Natalya graduated from the premiere film school in Russia and holds a MBA in Finance and Entertainment from USC.
OddLot Unveils $50M Credit Facility, Promotes Finance Exec
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