You will be redirected back to your article in seconds

Legendary in Talks to Raise $700 Million Debt Finance

Legendary Entertainment is to tap the financial markets for up to $700 million of debt, according to reports.

The Thomas Tull-led studio currently has a $600 million credit facility from JP Morgan Chase and Bank of America which expires in 2016.

It is seeking to replace that credit line and is in discussion with the same two financial institutions, according to Bloomberg News.

Bloomberg reports that demand from lenders is high and that the replacement funding could expand to $700 million. That is despite an unusually weak patch for Legendary, which has seen both “Seventh Son” and “Blackhat” disappoint this year at the box office.

Legendary, however, is providing finance for “Jurassic World,” a sequel for Universal to Steven Spielberg’s iconic “Jurassic Park.” The company also has financial support from Japan’s Softbank, which made an equity investment of $250 million for some 10% of the company in October and could increase its investment to $1 billion in stages by 2018.

More Biz

  • RESTRICTION: NO New York or New

    Time's Up to Stage National Walkout to Support Brett Kavanaugh Accuser

    Legendary Entertainment is to tap the financial markets for up to $700 million of debt, according to reports. The Thomas Tull-led studio currently has a $600 million credit facility from JP Morgan Chase and Bank of America which expires in 2016. It is seeking to replace that credit line and is in discussion with the […]

  • emma stone sam mendes louis vuitton

    Emma Stone Re-Teams With Sam Mendes for Louis Vuitton Short Film

    Legendary Entertainment is to tap the financial markets for up to $700 million of debt, according to reports. The Thomas Tull-led studio currently has a $600 million credit facility from JP Morgan Chase and Bank of America which expires in 2016. It is seeking to replace that credit line and is in discussion with the […]

  • Bill Cosby

    Bill Cosby To Learn His Fate at Sentencing Hearing

    Legendary Entertainment is to tap the financial markets for up to $700 million of debt, according to reports. The Thomas Tull-led studio currently has a $600 million credit facility from JP Morgan Chase and Bank of America which expires in 2016. It is seeking to replace that credit line and is in discussion with the […]

  • Ozzy Osbourne Drops Lawsuit Against AEG

    Ozzy Osbourne Drops Lawsuit Against AEG

    Legendary Entertainment is to tap the financial markets for up to $700 million of debt, according to reports. The Thomas Tull-led studio currently has a $600 million credit facility from JP Morgan Chase and Bank of America which expires in 2016. It is seeking to replace that credit line and is in discussion with the […]

  • Analysis: Sky Win Boosts Comcast as

    Analysis: Sky Win Boosts Comcast as Global Streaming Wars Heat Up

    Legendary Entertainment is to tap the financial markets for up to $700 million of debt, according to reports. The Thomas Tull-led studio currently has a $600 million credit facility from JP Morgan Chase and Bank of America which expires in 2016. It is seeking to replace that credit line and is in discussion with the […]

  • Chrissy Teigen Target collection shop online

    Chrissy Teigen's New Target Collaboration to Launch in Late September

    Legendary Entertainment is to tap the financial markets for up to $700 million of debt, according to reports. The Thomas Tull-led studio currently has a $600 million credit facility from JP Morgan Chase and Bank of America which expires in 2016. It is seeking to replace that credit line and is in discussion with the […]

More From Our Brands

Access exclusive content