Allen Media Group Motion Pictures | Byron Allen Announces $500M In Credit Facility For Entertainment Studios Expansion
134
post-template-default,single,single-post,postid-134,single-format-standard,ajax_fade,page_not_loaded,,qode-title-hidden,qode-child-theme-ver-1.0.0,qode-theme-ver-16.8,qode-theme-bridge,disabled_footer_top,wpb-js-composer js-comp-ver-5.5.2,vc_responsive

Byron Allen Announces $500M In Credit Facility For Entertainment Studios Expansion

Byron Allen’s Entertainment Studios said it has raised $500 million in credit facilities organized by Deutsche Bank Securities, Jefferies Financial Group, Brightwood Capital Advisors and Comerica Bank. The loan was syndicated to a large group of lenders, who collectively manage more than $500 billion.

Allen distributes film and TV, with 41 shows on the air, and is owner of eight 24-hour HD television networks — including the recently purchased The Weather Channel for a reported $300 million. Recent film releases have includes 47 Meters Down, Chappaquiddick and Hostiles. The $500 million in credit facilities will be used for general business purposes, production, co-productions and the acquisition of other corporations.