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Weinstein Co said to close new finance facility

Comment
 21 Jun 2012   By Studio System News Staff


The Weinstein Co has secured a new credit facility worth $75M to be added to a $150M facility that Variety says closed in February. The cash will allow the company to continue financing production and marketing for its upcoming slate.

A deal for $150M was made with Union Bank and UBS put together an additional $75M.

Banks and other finance groups are pitching TWC to assemble as much as $200M, according to Variety which says the talks are still ongoing.

On the upcoming slate are on Quentin Tarantino’s  “Django Unchained,” Paul Thomas Anderson’s “The Master” and David O. Russell’s “Silver Linings Playbook.”

http://www.thewrap.com/movies/column-post/weinstein-company-closes-225-m-credit-facility-ubs-ubc-44846

http://www.variety.com/article/VR1118055808?refCatId=13

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Written by Studio System News Staff
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