WSJ: Union Bank to Arrange Weinstein Credit Facility
The Wall Street Journal reported that independent film company Weinstein is finalizing a $370 million credit facility as it continues deal talks with
Miramax, whose owner is seeking to sell / restart production with a partner. Union Bank is arranging / syndicating the facility, the WSJ reported.
The WSJ said the new financing arrangement for Weinstein Co. 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 $125 million tied to receivables on its movies.
To read the entire WSJ story, click here.