As the bank’s relationship manager on the Open Road Films account, Timmons spearheaded a “sizable nine-figure capital raise” for the fledgling distributor.“We got involved very early on,” he recalls of the AMC-Regal joint venture. “They wanted our input on the capital structure and what the terms of the deal would look like. Dealing with shareholders like AMC and Regal posed an interesting dynamic since AMC is owned by Apollo, so you have the private equity angle as well.” Timmons also led the bank’s maneuver into the co-lead arranger position on longtime client New Regency’s widely syndicated $500 million credit line. “We deployed $700 million in new capital into the entertainment sector over past 12 months, during a tough economic time,” he says.
KEY DEALS: Open Road Films; New Regency
SPARE TIME: Family weekends.
TOP CAUSE: Tournament of Roses in Pasadena