Dean Devlin’s Electric Entertainment has accessed a $50m capital infusion in the form of corporate and production credit facilities from First Republic Bank.
The financing enables Electric to expand feature and TV production and sales operation.
“We needed a partner who understood the complexities of both television and feature film production as well as the knowledge of foreign sales to help structure debt facilities that best suits Electric’s expanding business and we found this with First Republic Bank,” said Electric CFO Jeff Gonzalez.
“Charles Heaphy and his team at FRB proved invaluable in securing the financing and we look forward to continuing our relationship with FRB,” said Electric COO Rebecca Rising.
Electric’s Cannes sales slate includes Kelly & Cal, Before I Disappear, The Better Angels and God’s Pocket (pictured).