By Manori Ravindran Indian studio Eros International is merging with Hollywood player STX Global to create a new entity named Eros STX Global Corporation.
The revamped capital structure includes $125 million of incremental equity from new and existing STX Entertainment equity investors, including TPG, Hony Capital and Liberty Global and a robust balance sheet that includes a $350 million JP Morgan-led credit facility.
The newly management team will be led by Kishore Lulla as Executive Co-Chairman, Robert Simonds as Co-Chairman & Chief Executive Officer, Andrew Warren as Chief Financial Officer, Rishika Lulla Singh and Noah Fogelson as Co-Presidents, and Prem Parameswaran as Head of Corporate Strategy.
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