The company’s strategic initiatives, investments and banking (SIIB) division has closed two separate deals “to act on opportunities worldwide as they become available.”
A $150m domestic-focused revolving facility was closed and agented by Union Bank’s Bryan LaCour, Tony Beaudoin and Alex Cho.
Wade Layton and Kevin Khanna, joint lead arrangers and joint book runners from CIT, played an integral role in this deal as did UBS Investment Bank. Union Bank will serve as collateral administrator for this facility.
An additional $75m revolving new media facility was structured and agented by UBS Investment Bank. OneWest Bank will serve as collateral administrator for this UBS Facility, led by Joe Woolf.
SIIB head Dave Hutkin was closely involved in the process alongside vp team leader Vivian Tarn and director Erin Shipley. TWC CFO Andy Kim and evp of accounting Irwin Reiter were also instrumental, as were the LA office of O’Melveny & Myers on behalf of TWC and the Chicago office of Sidley Austin representing the agent groups on the bank facilities.
“These facilities are a tremendous contribution to the continued production and acquisition of the kind of award-winning content The Weinstein Company is known for, as well as an important part of our long-term growth strategy, anchoring our overall financial strength,” TWC COO David Glasser (pictured) said.
“We couldn’t ask for better partners in Union Bank and UBS, and we’re looking forward to growing our relationship with all of the banks involved.”
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