You will be redirected back to your article in seconds

TWC closes $75 mil UBS pact

Coin boosts indie's coffers to $225 mil

The Weinstein Company has closed a deal to raise $75 million through UBS, boosting the company’s coffers to fund new films.

Coin tacks on to an existing facility at the company, $150 million through Union Bank which closed in February, bringing TWC’s total facility to $225 million.

Union Bank closed the $150 million fund at the same time as TWC was busy reviewing pitches from banks and other finance groups to assemble as much as $200 million in a separate effort, as first reported by Variety. Those talks are still ongoing, according to a source close to the discussions.

TWC raised its new coin at an interest rate below 5% — a competitive rate which indicates that UBS saw the deal as low-risk.

TWC shopped its deal as extremely well collateralized, based on its output deals with companies including Showtime, Anchor Bay and Netflix.

TWC has fully funded several movies recently, including Quentin Tarantino’s spaghetti western “Django Unchained.”

News comes months after TWC severed one major tie to former backer Goldman Sachs, which partnered with Assured Guarantee to help wipe $450 million off TWC’s books in a deal that gave the indie some financial breathing room. The structure of that deal later changed, and Goldman acquired cash flows from (and a lien against) 200 TWC films — movies that Bob and Harvey Weinstein have slowly been buying back.

Those films rep the last major tie between TWC and Goldman Sachs.

TWC had no comment.

More Film

  • The Disaster Artist

    AFI Fest Adds Galas for 'Call Me by Your Name,' 'Disaster Artist,' 'Hostiles'

    The Weinstein Company has closed a deal to raise $75 million through UBS, boosting the company’s coffers to fund new films. Coin tacks on to an existing facility at the company, $150 million through Union Bank which closed in February, bringing TWC’s total facility to $225 million. Union Bank closed the $150 million fund at […]

  • Harvey Weinstein

    Colony Capital Has Three-Week Window to Avert Weinstein Co. Bankruptcy (EXCLUSIVE)

    The Weinstein Company has closed a deal to raise $75 million through UBS, boosting the company’s coffers to fund new films. Coin tacks on to an existing facility at the company, $150 million through Union Bank which closed in February, bringing TWC’s total facility to $225 million. Union Bank closed the $150 million fund at […]

  • Boo 2! A Madea Halloween

    Box Office: 'Boo 2! A Madea Halloween' to Blow Away 'Geostorm' in Slow Weekend

    The Weinstein Company has closed a deal to raise $75 million through UBS, boosting the company’s coffers to fund new films. Coin tacks on to an existing facility at the company, $150 million through Union Bank which closed in February, bringing TWC’s total facility to $225 million. Union Bank closed the $150 million fund at […]

  • Lionsgate Unveils "The World of The

    Lionsgate Unveils World's First 'Hunger Games' Theme Park

    The Weinstein Company has closed a deal to raise $75 million through UBS, boosting the company’s coffers to fund new films. Coin tacks on to an existing facility at the company, $150 million through Union Bank which closed in February, bringing TWC’s total facility to $225 million. Union Bank closed the $150 million fund at […]

  • Lawyer: Weinstein Rape Accuser's "Biggest Regret

    Lawyer: Weinstein Rape Accuser's 'Biggest Regret Is Opening That Door'

    The Weinstein Company has closed a deal to raise $75 million through UBS, boosting the company’s coffers to fund new films. Coin tacks on to an existing facility at the company, $150 million through Union Bank which closed in February, bringing TWC’s total facility to $225 million. Union Bank closed the $150 million fund at […]

  • Heather Kerr Gloria Allred

    Former Actress Heather Kerr Accuses Harvey Weinstein of Forcing Himself on Her

    The Weinstein Company has closed a deal to raise $75 million through UBS, boosting the company’s coffers to fund new films. Coin tacks on to an existing facility at the company, $150 million through Union Bank which closed in February, bringing TWC’s total facility to $225 million. Union Bank closed the $150 million fund at […]

More From Our Brands

Access exclusive content