Village Roadshow Pictures Group — which has co-financed and co-produced such Warners movies as the current “Sex and the City 2” and the recent “Sherlock Holmes” — has closed a $1 billion credit facility to fund its current and future films slates.
JPMorgan Chase and Rabobank acted as joint syndication agents, with Bank of America Merrill Lynch acting as a co-lead lender, VRPG said Thursday.
First established in 1997, the facility has been tagged to finance production of “Sex and the City 2”; upcoming 3D pics “Cats and Dogs 2” and “Legend of the Guardians: The Owls of Ga’hoole”; Katherine Heigl-Josh Duhamel comedy “Life As We Know It,” set for October; and 2011 3D sequel “Happy Feet.”
• Read the full Hollywood Reporter story.
• Read the full Los Angeles Times story.
