Brent Lang Executive Editor of Film and MediaSkydance Media has closed a four-year, $500 million revolving credit facility led by J.P.
Morgan.The company says that it has the ability to expand that facility to $1 billion and also said that it plans to use the money to support corporate operations as well as production and development.
Skydance previously closed a $700 million round of new financing in 2016 with J.P. Morgan. Skydance, which has financed or co-financed the likes of “True Grit,” “6 Underground,” “Gemini Man,” “Jack Reacher” and several “Mission: Impossible” sequels, is hoping to use some of the money to back its moves into animation and television.
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