trending Market Intelligence /marketintelligence/en/news-insights/trending/jhtfmsk0m17oqoe31kvirw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Entertainment Studios gets $500M in credit facilities

Southeast Asian broadband providers report varying performance amid COVID-19

Cable networks react to pandemic by cutting SG&A, programming costs

Strong Competition Remains For Thailand Digital Terrestrial TV Channel

ITU: Regulators discuss impacts of COVID-19 on policymaking


Entertainment Studios gets $500M in credit facilities

Byron Allen's Entertainment Studios Inc. raised $500 million in credit facilities for all of the company's corporate holdings and enterprises.

The company will use the amount for general business purposes, production, co-productions and the acquisition of other corporations.

Deutsche Bank Securities Inc., Jefferies Financial Group, Brightwood Capital Advisors and Comerica Bank organized the credit facilities. The loan was syndicated to a group of lenders that collectively manage over $500 billion in funds.

In March, Entertainment Studios, through its parent company Allen Media LLC, bought Weather Group LLC, the parent company of The Weather Channel (US) and Local Now streaming service.