New Regency Locks In $825 Million In Fresh Capital In Deals With Banks, Carlyle Group
Jill Goldsmith New Regency has closed on a pair of financing deals that give it up to $825 million in fresh capital for new production, founder Arnon Milchan and chairman-CEO Yariv Milchan announced Tuesday.The first agreement extends the term of its credit facility led by J.P. Morgan for an additional five years backed by Bank of America, Union Bank, SunTrust and several others for a revolving facility of up to $700 million.The prolific producer also closed a new five-and-a-half year, $125-million term loan from Carlyle Group, working with the giant private equity firm’s Direct Lending platform for the first time.