The new five-year revolving credit facility replaces the studio’s previous $340m deal.
The new loan replaces the studio’s previous $340m revolving credit facility.
JPMorgan Chase Bank served as administrative agent with JP Morgan Securities, Barclays Bank, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Royal Bank of Canada acting as co-syndication agents, joint bookrunners and joint lead arrangers, Wells Fargo Bank serving as co-syndication agent and SunTrust Bank and Union Bank acting as co-documentation agents.
Lionsgate by vice chairman Michael Burns, evp of corporate development Brian Goldsmith, general counsel and evp corporate operations Wayne Levin and CFO Jim Keegan worked on the deal and law firms O’Melveny & Myers and Heenan Blaikie represented the studio.
“The size of the new facility is a testament to the company’s strong relationships with the financing community and the value of its franchises and filmed entertainment library, and it reflects the significant recent expansion of the company’s borrowing base,” said David Shaheen, managing director and head of JPMorgan’s entertainment industries group. ”This new facility will be an important resource in helping Lionsgate to continue executing its long-term growth plan.”