Leo Barraclough Senior International CorrespondentGerman film and TV company Leonine Group, which was formed through the merger of Tele München Gruppe, Universum Film, i&u TV, Wiedemann & Berg Film and W&B Television, has rearranged its long-term group financing.The financing includes long-term loans and revolving credit lines totaling Euros 189 million ($222 million), which also cover the company’s film production financing, with the exception of the publicly listed Odeon Film AG, which also belongs to the Leonine Group.
Euros 33 million ($38.8 million) in production financing has been made available to Odeon Film.“Rearranging our previous financing structures with a long-term focus was another important milestone in our integration.
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