Audacy entered into a restructuring support agreement with a supermajority of its debtholders on the terms of a comprehensive restructuring that will significantly deleverage its balance sheet and further position Audacy for long-term growth. Through...
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January 08, 2024, 08:05 AM
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Alternative asset management firm HarbourView Equity Partners amended its senior secured credit facility led by Fifth Third Bank. Under the amended facility, HarbourView’s capacity has increased by $100 million, up to $300 million. The firm will use...
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December 06, 2023, 07:34 AM
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Banc of California hired Guillaume de Chalendar in the new position of SVP, Head of Media & Entertainment. In this position, de Chalendar will be responsible for the strategy and growth of Banc of California’s Media & Entertainment vertical, which...
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January 26, 2022, 08:00 AM
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CIT Group announced that its Technology, Media and Telecommunications business served as sole lead arranger and administrative agent on up to $95 million in financing toward the relaunch of noted Hollywood film production company Castle Rock...
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October 22, 2021, 08:09 AM
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North Mill Capital LLC (d/b/a SLR Business Credit), acquired Fast Pay Partners. Based in Los Angeles, CA, Fast Pay Partners enables clients to accelerate receivables and access liquidity through its asset-based lending and factoring platform which...
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August 13, 2021, 08:00 AM
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Ares Management announced that funds managed by Ares have committed more than $1 billion of investments over the last six months in the sports, media and entertainment sector. Ares employs a global flexible private capital strategy that invests in...
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June 30, 2021, 08:10 AM
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Alvarez & Marsal (A&M) appointed New York-based John Hartig a Managing Director in its Media group within A&M’s Corporate Performance Improvement practice. Hartig, who has a track record of transforming media companies by aligning to shifting market...
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May 05, 2021, 07:37 AM
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Alvarez & Marsal (A&M) announced the addition of Kumu Puri and Tim Jellison to its San Francisco office. Both Puri and Jellison join as Managing Directors with the firm’s Telecommunications, Media & Technology practice. Their extensive and combined...
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June 20, 2018, 07:04 AM
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Annapurna Pictures, an independent film production company led by Megan Ellison — the daughter of Oracle Chief Executive Larry Ellison — has secured a $350 million revolving credit facility, according to multiple news sources. J.P. Morgan served as...
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September 06, 2017, 08:00 AM
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Netflix, Inc. has entered into a revolving credit agreement with a group of five lenders as part of a push to expand its original programming lineup. The new financing raises the online media company's total line of credit to $19.65 billion...
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July 31, 2017, 07:34 AM
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Metro-Goldwyn-Mayer Inc. announced the upsizing and enhancement of its debt capital structure to $2.1 billion. The facility includes a $1.0 billion five-year revolving credit facility (plus an incremental $250 million optional accordion) and a new...
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May 12, 2017, 07:42 AM
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Opus Bank announced that its Media and Entertainment Banking division participated and funded into a $400 million senior credit facility to The Weinstein Company (“TWC”), which facility is agented by MUFG Union Bank, N. A.TWC is an independent studio...
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August 01, 2016, 08:33 AM
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Leading global professional services firm Alvarez & Marsal (A&M) has added media industry veteran Peter Cosco to its Performance Improvement practice, further enhancing the firm’s expertise in the media, entertainment and sports sectors. He joins as...
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October 21, 2014, 07:13 AM
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CIT Group Inc. announced that CIT Corporate Finance served as joint lead arranger in a $370 million senior secured credit facility for independent film studio The Weinstein Co. The financing will be used to refinance an existing facility and provide...
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December 03, 2013, 07:21 AM
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