Birdman producer turns to private credit
NEW YORK, June 16 (LPC) – Film production company New Regency has turned to private lender Carlyle Direct Lending for a $ 125 million loan, according to a press release.
The production company, which is behind the making of Oscar-winning films such as Birdman, The Revenant and 12 Years a Slave, has turned to the direct loan fund to finance future film projects.
The five-year US $ 125 million loan was signed in conjunction with the renewal of New Regency’s US $ 700 million revolving credit facility for an additional five years.
Carlyle was the lead arranger on the term loan. JP Morgan was the principal arranger, the sole bookrunner and the administrative agent of the gun.
Bank of America, MUFG Union Bank, SunTrust, CIT, City National Bank, Fifth Third Bank, East West Bank, Cathay Bank, Opus Bank and Manufacturers Bank all participated in the financing of the revolver.
“New Regency has built a unique library of independently produced films by consistently delivering critically acclaimed box office hits over the course of its long history of success,” said Jonathan Pearl, Managing Director of Carlyle Direct Lending, in A press release. (Reporting by David Brooke. Editing by Michelle Sierra and Kristen Haunss.)