In a pre-Cannes Film Festival deal, FilmNation Entertainment has negotiated $120 million in additional capital through a revolving multi-bank credit facility agented by Bank of America Merrill Lynch and co-led by Union Bank.FilmNation made the announcement Wednesday.
It said the move greatly expands its financial capabilities as part of its strategic initiative focused on being a one-stop destination for the world’s best storytellers, all while aggressively building asset value across its feature film business, its television efforts, and its other numerous strategic investments in related verticals.The current slate includes WWII epic “Greyhound,” starring Tom Hanks; Sebastian Lelio’s “Disobedience,” starring Rachel Weisz and Rachel McAdams (to be released by Bleecker Street on April 27); “The Children Act,” starring Emma Thompson (to be released by A24 this September); Dan Fogelman’s “Life Itself,” starring Oscar Isaac and Olivia Wilde (to be released by Amazon this September); and Lelio’s “Gloria,
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