Media Rights Capital Shuts Five-Year $350 Million Credit Facility

Media Rights Capital has closed a five-year $350 million turning credit facility that will enable the independent studio grow its film and tv business, while growing and developing projects already within the works.our editor recommendsMedia Rights Capital's Liz Jenkins Named V . p ., Corporate Development (Exclusive)Amanda Hocking's 'Trylle Trilogy' being Transformed Into Films by Media Rights Capital The financing was provided by a number of banks introduced by JPMorgan Chase, Comerica, Bank of America, Sun Trust and Union Bank. The syndicate includes East West Bank, Wells Fagro, Bank Leumi and City National Bank. MRC is involved with many projects per its five-year distribution deal with Universal Pictures, together with the arrival CBS situation comedy How to be a Gentleman, Neill Blomkamp's Elysium, being compiled by The brand new the new sony, as well as the David Fincher-produced Netflix political drama House of Cards, starring Kevin Spacey and Robin Wright. "Inside the unpredictable atmosphere in the current economy, this oversubscribed facility is validation out of your financial partners and allows us to continue growing and strengthening our brand," mentioned Erika Hindle, who grew to become an associate of MRC as chief financial officer noisy . August, on following her tenures at Relativity Media and Overture Films. MRC guaranteed its last $350 million turning credit facility in 2008, the ultimate major transaction of the character right before the severe financial economic breakdown. "At any time when many financial institutions have rethought their support of entertainment characteristics, we still develop our partnership with Media Rights Capital," mentioned JPMorgan's David Shaheen, who's controlling director in the Entertainment Industries Group. MRC has funded and produced 16 films compiled by Universal, The brand new the new sony, Fox, Warner Bros. and leading worldwide entrepreneurs. Their slate includes Babel, The Adjustment Bureau, 30 minutes or Less. Approaching releases include TED, compiled by Universal. MRC's television projects include returning Cinemax series The Ough Gervais Show as well as the late-evening animated comedy The Existence and Occasions of Tim. Related Subjects