Daily News: October 22, 2013

WSJ: Union Bank Arranges Weinstein Credit Facility

The Wall Street Journal reported that Weinstein is finalizing a facility worth about $370 million as it continues talks with Miramax, whose owner is seeking to sell or restart production with a partner.

The Wall Street Journal also reported that the new financing arrangement for Weinstein would replace a pair of existing credit facilities: one tied to a deal to stream its movies with Netflix, worth about $90 million; and another tied to other receivables on its movies, worth some $125 million.

To read the entire WSJ article, click here.