Mandalay adds credit line of $100 mil

Mandalay Entertainment has closed a deal with London-based Coutts & Co. for a revolving credit facility in excess of $100 million, as anticipated (Daily Variety, Oct. 9, 1996).

The funding for the Sony-based company headed by Peter Guber comes in addition to an ongoing financial commitment from Sony to back five to six pics per year within the terms of Mandalay’s studio pact over the next four years.

“This is yet another piece of our financial plan,” said Mandalay CFO John Zabel, “and positions Mandalay to continue to excel as one of the pre-eminent suppliers of product to the overseas market.”

Coutts, a subsidiary of National Westminster Bank, is leading a loan syndicate involving Sumitomo Bank and the Union Bank of California.

More Scene

  • Just for Laughs Festival Montreal

    Just for Laughs Festival Is the Coachella of Comedy

    Mandalay Entertainment has closed a deal with London-based Coutts & Co. for a revolving credit facility in excess of $100 million, as anticipated (Daily Variety, Oct. 9, 1996). The funding for the Sony-based company headed by Peter Guber comes in addition to an ongoing financial commitment from Sony to back five to six pics per […]

  • National Comedy Center Set To Open

    National Comedy Center Set To Open During Lucille Ball Fest

    Mandalay Entertainment has closed a deal with London-based Coutts & Co. for a revolving credit facility in excess of $100 million, as anticipated (Daily Variety, Oct. 9, 1996). The funding for the Sony-based company headed by Peter Guber comes in addition to an ongoing financial commitment from Sony to back five to six pics per […]

  • Carter Hudson, John Singleton, Angela LewisFX's

    John Singleton on Disney-Fox Deal: 'You Gotta Let FX Be What It Is'

    Mandalay Entertainment has closed a deal with London-based Coutts & Co. for a revolving credit facility in excess of $100 million, as anticipated (Daily Variety, Oct. 9, 1996). The funding for the Sony-based company headed by Peter Guber comes in addition to an ongoing financial commitment from Sony to back five to six pics per […]

  • Kevin Durant Lindsey Vonn

    Kevin Durant, Lindsey Vonn to Keynote Variety's Sports & Entertainment Breakfast

    Mandalay Entertainment has closed a deal with London-based Coutts & Co. for a revolving credit facility in excess of $100 million, as anticipated (Daily Variety, Oct. 9, 1996). The funding for the Sony-based company headed by Peter Guber comes in addition to an ongoing financial commitment from Sony to back five to six pics per […]

  • Cher and Meryl Streep'Mamma Mia! Here

    How the Cast of 'Mamma Mia! Here We Go Again' Geeked Out Around Cher

    Mandalay Entertainment has closed a deal with London-based Coutts & Co. for a revolving credit facility in excess of $100 million, as anticipated (Daily Variety, Oct. 9, 1996). The funding for the Sony-based company headed by Peter Guber comes in addition to an ongoing financial commitment from Sony to back five to six pics per […]

  • Demi MooreComedy Central's Roast of Bruce

    Demi Moore Appears as Surprise Guest at Bruce Willis' Comedy Central Roast

    Mandalay Entertainment has closed a deal with London-based Coutts & Co. for a revolving credit facility in excess of $100 million, as anticipated (Daily Variety, Oct. 9, 1996). The funding for the Sony-based company headed by Peter Guber comes in addition to an ongoing financial commitment from Sony to back five to six pics per […]

  • Outfest Filmmakers Get Political, Issue Call

    Outfest Filmmakers Get Political, Issue Call to Action on Opening Night

    Mandalay Entertainment has closed a deal with London-based Coutts & Co. for a revolving credit facility in excess of $100 million, as anticipated (Daily Variety, Oct. 9, 1996). The funding for the Sony-based company headed by Peter Guber comes in addition to an ongoing financial commitment from Sony to back five to six pics per […]

More From Our Brands

Access exclusive content