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Lionsgate has landed US$800m in fresh financing for the next five years from a consortium of investors including the Royal Bank of Canada and JPMorgan Chase Bank.
The revolving credit facility is one of the largest seen in Hollywood in recent memory and will go towards “long-term strategic opportunities” and other financial objectives, the studio said Thursday.
“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,” said JPMorgan’s David Shaheen.
Lionsgate, which is based in both the US and Canada, makes film and TV content including Mad Men, Nurse Jackie and new Charlie Sheen vehicle Anger Management.
In January it bought Summit Entertainment, which this summer released the first film in the teen-aimed Hunger Games franchise. Lionsgate meanwhile will release the last of its Twilight movies in November.
The company previously acquired the TV Guide Network, Mandate Pictures and Artisan Entertainment. In March it linked up with Thunderbird Films, through a deal brokered by founder Frank Giustra, on new production company Sea to Sky.
Other banks involved in the latest deal include Barclays, Merrill Lynch and Wells Fargo Bank. The new financing replaces Lionsgate’s previous US$340m package.
