SunTrust Robinson Humphrey served as sole lead arranger and SunTrust Bank as administrative agent in closing a $60 million syndicated corporate credit facility for Electric Entertainment, a Los Angeles-based production company founded by film and television producer Dean Devlin.
Devlin has produced such films as Stargate, Independence Day and Geostorm, and various television series, including Leverage and The Librarian.
The credit facility will help finance the upcoming third season of the CW series The Outpost, WGN America’s 10-episode drama series Almost Paradise and other film and television projects in development by Electric.
The DLA Piper team represented SunTrust Robinson Humphrey and SunTrust Bank for the transaction.
DLA Piper is a global law firm with lawyers located in more than 40 countries.
