Luc Besson’s EuropaCorp Closes $600 Million in Financing

Luc Besson EuropaCorp
Vittorio Zunino Celotto/Getty Images

Luc Besson’s EuropaCorp has closed financing for $600 million — mostly to finance its slate of English language movies.

The deal caps a year that’s seen EuropaCorp generate a solid hit with Scarlett Johansson’s “Lucy” through Universal with $415 million worldwide, along with launching a joint distribution venture for the U.S. with Ryan Kavanaugh’s Relativity Media.

“The success of the deal illustrates the increased confidence in EuropaCorp’s credit quality and financial solidity,” EuropaCorp said Wednesday.

“The facility will be used mainly to finance EuropaCorp’s slate of English language movies, as well as to fund marketing and distribution costs related to these new productions that will be distributed in the U.S through the joint venture Relativity EuropaCorp Distribution.”

The new lines of credit include a $400 million senior line of credit, a $150 million accordion and a $50 million second lien credit facility.

J.P.Morgan acted as the administrative agent and led the lead book runner. SunTrust Bank and OneWest Bank are joint bookrunners and co-lead arrangers. The credit facility also includes two French banks, one of which is Natixis.

EuropaCorp was advised by Jeantet (Arnaud de Senihes) and Hogan Lovells (Sheri Jeffrey). J. P. Morgan was advised by Morgan Lewis (Richard Pettreti).

Besson founded Paris-based EuropaCorp in 1999. Its key titles include the “Taken” and “Transporter” franchises.

Variety reported on Sept. 30 that EuropaCorp had hired “Into the Storm” director Steven Quale for its underwater action-thriller “The Lake.”

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