Legendary Sets Five-Year, $800 Million Credit Facility Led By J.P. Morgan
deadline.comDune producer Legendary Entertainment has secured an $800 million five-year credit facility led by J.P. Morgan, replacing an existing agreement with “improved and market-leading terms” that reflect its “profitability and success in executing its business plan,’ the company said.
Led by CEO Josh Grode, Legendary develops, produces, distributes and finances films and TV content across platforms and is growing in comic books, VR, licensing and merchandising.
Deadline reported yesterday that it is one of four suitors circling eOne as Hasbro prepares to sell a majority stake in the indie film and TV studio. “We are pleased to extend our relationship with J.P.
Morgan as we continue to grow our global film and TV pipeline and monetize our IP across multiple platforms. The success of our film and television productions from our creative team led by Mary Parent reflects our intentional strategy of creating compelling content that resonates with audiences around the world,” Grode said, referring to Legendary vice chair, worldwide production. “We look forward to leveraging our relationship to further build upon a proven track record of critical and commercial success.” According to David Shaheen, entertainment industries head at J.P.
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