Media Rights Capital Announces Three-Year $350 Million Revolving Credit Facility with JPMorgan Chase and Comerica Bank
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(Los Angeles, California) – Media Rights Capital, one of Hollywood’s most prominent independent production companies, has closed on a $350 million revolving credit facility. The financing was provided by a syndicate of entertainment lenders led by JPMorgan Chase and Comerica. The new facility will be used to provide additional capital for expanded film, television and digital projects.
Marni Wieshofer, MRC’s SVP of Corporate Development and M&A, said, “In a credit climate that on its surface has completely shut down, this financing proves that there is money available to strong companies operating with sound business strategy and deliberation.”
MRC’s Wieshofer orchestrated the new facility along with Scott Tenley, VP and Head of Legal Affairs, and Jaime Rigal, VP Structured Finance and Operations. Marissa Román and Steven Fayne of Akin Gump Strauss Hauer & Feld LLP in Los Angeles served as outside counsel to MRC on the transaction.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP, a leading international law firm, numbers more than 950 lawyers and advisors in the United States, Europe, Asia and the Middle East.
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