By Anthony D'Alessandro Editorial Director/Box Office Editor NEON, distributor of multi-Oscar winning and Best Picture Parasite, has inked a revolving credit facility with MUFG Union Bank.
NEON will use the capital to continue building upon its core film business, and to expands its production slate. Tom Quinn, Jessica Nickelsberg, Jeff Deutchman, and Jim Wehrfritz negotiated the deal on behalf of NEON along with MUFG Director Matt Rosenberg and Managing Director Tony Beaudoin.
NEON is repped by Sidley Austin and MUFG Union Bank by Akin Gump Strauss Hauer & Feld LLP. Parasite, which was the first South Korean movie to take home the Cannes Film Festival Palme D’Or a year ago, went on to win four Oscars including Best Picture, Best Director
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