Miramax has secured a $300 million multi-bank revolving credit facility that will fund film and TV productions for the next five years, the company announced Thursday. The loan, led by Bank of America Merrill Lynch and MUFG Union Bank, should provide the studio with enough financing to produce four-to-six films a year and deficit finance two-to-three TV series. The goal of the funding is to help provide Miramax with a strategy for growth while ramping up its film and TV slate. Also Read: Anne He...
Miramax Secures $300 Million Loan From Multiple Banks to Fund Film, TV Productions
The Wrap - 3 May 2018 17:00
Miramax has secured a $300 million multi-bank revolving credit facility that will fund film and TV productions for the next five years, the company announced Thursday. The loan, led by Bank of America Merrill Lynch and MUFG Union Bank, should provide the studio with enough financing to produce four-to-six films a year and deficit finance two-to-three TV series. The goal of the funding is to help provide Miramax with a strategy for growth while ramping up its film and TV slate. Also Read: Anne He...
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