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Brett Ratner’s RatPac Closes on $150 Million Credit Line for Warner Bros. Titles

RatPac Entertainment and Bank of America Merrill Lynch have closed on a $150 million credit facility for funding upcoming titles from Warner Bros. Pictures.

The credit line was closed a year after Warner Bros. and RatPac — headed by filmmaker Brett Ratner and Australian media mogul James Packer — announced a $300 million co-financing deal to cover as many as 75 titles over five years.

RatPac Entertainment is part of the RatPac-Dune Entertainment film finance vehicle formed with Steven Mnuchin. The studio’s hit “Gravity,” starring Sandra Bullock, was the first title to receive the RatPac-Dune funds.

Bank of America Merrill Lynch is the sole arranger and administrative agent, along with a syndicate of banks that includes SunTrust Bank, Union Bank, and City National Bank. RatPac Entertainment’s new fund will have a total capitalization of up to $225 million.

“I am extremely happy with RatPac’s progress – the company is quickly expanding its film and entertainment business in the US, China and Asia,” Packer said in a statement. “This credit facility is critical to RatPac’s key partnership with Warner Bros. and we will continue to work hard to deepen and strengthen this relationship in the future.”

The financing was coordinated through the Entertainment Industries Group at Bank of America Merrill Lynch, led by Daniel Timmons.

 

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