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1 item from 2014

Luc Besson’s EuropaCorp Closes $600 Million in Financing

22 October 2014 11:20 AM, PDT | Variety - Film News | See recent Variety - Film News news »

Luc Besson’s EuropaCorp has closed financing for $600 million — mostly to finance its slate of English language movies.

The deal caps a year that’s seen EuropaCorp generate a solid hit with Scarlett Johansson’s “Lucy” through Universal with $415 million worldwide, along with launching a joint distribution venture for the U.S. with Ryan Kavanaugh’s Relativity Media.

“The success of the deal illustrates the increased confidence in EuropaCorp’s credit quality and financial solidity,” EuropaCorp said Wednesday.

“The facility will be used mainly to finance EuropaCorp’s slate of English language movies, as well as to fund marketing and distribution costs related to these new productions that will be distributed in the U.S through the joint venture Relativity EuropaCorp Distribution.”

The new lines of credit include a $400 million senior line of credit, a $150 million accordion and a $50 million second lien credit facility.

J.P.Morgan acted as the »

- Dave McNary

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