Daily News: August 29, 2013

Open Road Films Extends $100MM Credit Facility

Open Road Films extended its $100-million revolving credit facility through 2018 to reduce borrowing costs, and Bank of America, Union Bank, OneWest Bank and Wells Fargo renewed commitments with the Los Angeles-based film company, the Los Angeles Times reported

The company, which was founded in 2011 by AMC Entertainment and Regal Entertainment Group, was scheduled to release “Jobs,” about Apple co-founder Steve Jobs, this summer.

To read the entire LA Times article, click here.