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Article: Starz, LLC, Announces It Has Completed Financing Package for Overture Films.
- Article from:
- PR Newswire
- Article date:
- January 9, 2008
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ENGLEWOOD, Colo., Jan. 9 /PRNewswire-FirstCall/ -- Starz, LLC, today announced that the company has completed agreements to provide long-term financing for the slate of films being produced by Starz, LLC, subsidiary Overture Films.
The package includes a $225 million credit facility provided by a group of banks led by JP Morgan and CIT Group Inc. In addition, $100 million of mezzanine financing and equity are provided by Liberty Media Corp. (Nasdaq: LINTA; LCAPA), parent company of Starz, LLC.
Starz, LLC, Executive Vice President and Chief Financial Officer Glenn Curtis said, "This structure will provide Overture with all the financing it needs to move ...