The Weinstein Company is finalising a credit facility worth around $370m, according to a report in The Wall Street Journal.

Union Bank is arranging the credit facility, which is expected to close within a few weeks.

According to the report, the new facility would replace a pair of existing credit facilities. One tied to a deal to stream its film with Netflix was worth around $90m and another, tied to other receivables on its films, was worth $125m.

TWC has been on a roll at the box office with recent hits including Lee Daniels’ The Butler, which has grossed more than $100m in the US, and hits Silver Linings Playbook and Django Unchained both nominated for Oscars earlier this year.

The company continues to aggressively acquire prestige titles and crowd-pleasers at major festivals with Toronto deals including The Railway Man, Can a Song Save Your Life? and The Disappearance of Eleanor Rigby: Him and Her.

TWC, which discussed the facility with TWJ, was not available for additional comment.

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