The new credit facility will bolster EuropaCorp’s growth strategy and gives it the means to expand into the U.S. market via RED (Relativity EuropaCorp Distribution), its U.S. distribution venture jointly launched with Ryan Kavanaugh’s Relativity Media.
EuropaCorp will use the credit line to finance its slate of English language movies, as well as fund marketing and distribution costs related to this new production.
“This new credit facility illustrates the increased confidence in EuropaCorp’s credit quality and financial solidity. It is a major success, as it increases significantly EuropaCorp’s capacities to produce and distribute a wider range of films,” said Christophe Lambert, CEO of EuropaCorp. “After the creation of Relativity EuropaCorp Distribution USA earlier this year that allowed us to fully control our distribution in the U.S. and maximize the visibility for our films, this facility finances our strategy for the next five years.”