Brent Lang Executive Editor of Film and MediaNew Regency has extended its credit facility for an additional five years, the entertainment company behind “The Revenant” and “Gone Girl” said Tuesday.The extension includes a revolving facility with a capacity of $700 million.
It is led by J.P. Morgan and also backed by such financial institutions as Bank of America, Union Bank, and SunTrust. New Regency said it has also closed a five and a half year, $125 million term loan from The Carlyle Group.
J.P. Morgan has a decades-long relationship with New Regency, and has arranged financings several times in the past. The financing announcement comes as much of Hollywood has ground to a halt.
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