Accord to Yahoo News, J.P. Morgan provided a five-year, $800 million credit facility to Legendary Entertainment, a mass media production company best known for producing feature films.
As Yahoo reported, last January, Apollo Private Equity delivered a $760 million equity investment to Legendary, which will release the sequel to 2020’s film adaption of Dune later this year. In addition, Yahoo noted that “the new facility will replace the studio’s exiting credit line.”
