You will be redirected back to your article in seconds

‘Draft Day’ Producer OddLot Closes $50 Million Credit Facility

OddLot Entertainment has closed a $50 million revolving credit facility with J.P. Morgan and Comerica as co-lead arrangers, which may be increased up to $150 million.

The funds will be used for development and production of current and upcoming film projects. OddLot’s slate include “Draft Day,” starring Kevin Costner and due out via Summit Entertainment on April 11; “Mortdecai,” starring Johnny Depp with Lionsgate releasing; and Jon Stewart’s upcoming directorial debut “Rosewater.”

OddLot co-president Bill Lischak led the deal along with Natalya Petrosova, who was elevated to the role of exec VP of finance, and Aaron Michiel.

Gigi Pritzker, CEO and founder, stated, “We’re so pleased to be in business with J.P. Morgan and our long-time banking partner, Comerica Bank. This arrangement positions the company for growth and we look forward to much activity going forward.”

OddLot began a multiyear, multipicture co-financing and distribution deal last year with Lionsgate to  co-produce and distribute films.

More Film

  • Harvey Weinstein and Donald Trump the

    Are Harvey Weinstein and Donald Trump the Same Person?

    OddLot Entertainment has closed a $50 million revolving credit facility with J.P. Morgan and Comerica as co-lead arrangers, which may be increased up to $150 million. The funds will be used for development and production of current and upcoming film projects. OddLot’s slate include “Draft Day,” starring Kevin Costner and due out via Summit Entertainment […]

  • Boo 2! A Madea Halloween

    Box Office: 'Boo 2! A Madea Halloween' to Haunt Competition on Slow Weekend

    OddLot Entertainment has closed a $50 million revolving credit facility with J.P. Morgan and Comerica as co-lead arrangers, which may be increased up to $150 million. The funds will be used for development and production of current and upcoming film projects. OddLot’s slate include “Draft Day,” starring Kevin Costner and due out via Summit Entertainment […]

  • Creative hollywood new leaders variety 2017

    Hollywood’s New Creative Leaders of 2017

    OddLot Entertainment has closed a $50 million revolving credit facility with J.P. Morgan and Comerica as co-lead arrangers, which may be increased up to $150 million. The funds will be used for development and production of current and upcoming film projects. OddLot’s slate include “Draft Day,” starring Kevin Costner and due out via Summit Entertainment […]

  • Agents and Managers hollywood new leaders

    Hollywood New Leaders: Agents and Managers

    OddLot Entertainment has closed a $50 million revolving credit facility with J.P. Morgan and Comerica as co-lead arrangers, which may be increased up to $150 million. The funds will be used for development and production of current and upcoming film projects. OddLot’s slate include “Draft Day,” starring Kevin Costner and due out via Summit Entertainment […]

  • Sexual-Harassment-In Journalism Hollywood

    A TV Executive Sexually Assaulted Me: A Critic's Personal Story

    OddLot Entertainment has closed a $50 million revolving credit facility with J.P. Morgan and Comerica as co-lead arrangers, which may be increased up to $150 million. The funds will be used for development and production of current and upcoming film projects. OddLot’s slate include “Draft Day,” starring Kevin Costner and due out via Summit Entertainment […]

  • WONDER WOMAN

    Women Powered Summer Box Office Successes, New Data Shows

    OddLot Entertainment has closed a $50 million revolving credit facility with J.P. Morgan and Comerica as co-lead arrangers, which may be increased up to $150 million. The funds will be used for development and production of current and upcoming film projects. OddLot’s slate include “Draft Day,” starring Kevin Costner and due out via Summit Entertainment […]

  • The Final Year TIFF

    Magnolia Nabs Worldwide Rights to Obama Documentary 'The Final Year' (EXCLUSIVE)

    OddLot Entertainment has closed a $50 million revolving credit facility with J.P. Morgan and Comerica as co-lead arrangers, which may be increased up to $150 million. The funds will be used for development and production of current and upcoming film projects. OddLot’s slate include “Draft Day,” starring Kevin Costner and due out via Summit Entertainment […]

More From Our Brands

Access exclusive content