The amount comprises $128m in new financing from new and existing investors and a $150m credit facility structured and arranged by JPMorgan, Bank Of America, Royal Bank Of Canada and UBS.
Existing Legendary equity investors who contributed include Jim Breyer and Breyer Capital and Accel Partners, IDG Capital Partners and Gordy Crawford.
Morgan Stanley Investment Management, Peter Thiel’s Thiel Capital and Eric Schmidt’s Tomorrow Ventures are among the new investors.
Goldman, Sachs & Co acted as sole agent to Legendary in the equity financing while Goldman Sachs Lending Partners participated in the bank portion.
Legendary, whose upcoming releases include anticipated summer action sequel The Dark Knight Rises (pictured) through Warner Bros, will use the investment to retire and refinance debt accruing from the 2010 recapitalisation
A press release noted that in a separate matter, Legendary East expected to announce its financial and distribution arrangements later this year. That company is exploring new options after its “previously contemplated business structure”
On December 31, 2011, the date pre-arranged by Legendary and its partners, Legendary East allowed its previously contemplated business structure to lapse, enabling it to explore relationships with new distribution and financial partners.
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