German Studio Leonine Secures $220M In Financing Through Loans & Credit Lines
Andreas Wiseman International EditorGerman major Leonine says it has “rearranged its long-term group financing” with €190M ($222M) in loans and revolving credit lines.The new backing will cover growth and film production financing but will exclude publicly listed Odeon Film, for which Leonine has raised separate funds. The consortium of banks providing the financing is led by DZ Bank and UniCredit Bank and also includes the two Austrian banks Erste Group Bank and Raiffeisenlandesbank Oberösterreich Zweigniederlassung Süddeutschland as well as Santander.Leonine CFO Joachim Scheuenpflug said: “Rearranging our previous financing structures with a long-term focus was another important milestone in our integration process.