Independent movie producer FilmNation Entertainment completed a $120 million revolving credit facility led by Union Bank with Bank of America as administrative agent.
The funds will be used for working capital to allow the company to invest in more film, TV film, theater, digital and VR content as well as other strategic investment areas including taking on films with higher budgets.
“Throughout FilmNation’s history, what has empowered us the most has been our ability to adapt and consistently bet on ourselves and the tremendous filmmakers we’ve had the privilege to work with,” said FilmNation Entertainment CEO Glen Basner and COO Milan Popelka.
The upcoming FilmNation slate includes the Tom Hanks WWII tale “Greyhound”, which Sony will release in 2019, and the Rachel Weisz and Rachel McAdams drama “Disobedience”, which opens this spring.
