David Ellison's Skydance Media has closed a deal that will give it $1 billion in available credit from J.P. Morgan and a consortium of partnering banks.
The refinancing agreement offers a four-year, $500 million revolving credit facility, with an option to expand to $1 billion if required.
The new revolver is also backed by Comerica, Bank of America, Truist Bank, Union Bank and other financial institutions. Launched in 2010, Skydance is best known for tentpole projects including the Mission Impossible, Star Trek and Terminator franchises.
Its television output includes Grace and Frankie and Altered Carbon on Netflix, Jack Ryan on Amazon and Dietland on AMC, among other shows.
Read more on hollywoodreporter.com