Akash Modi
EntMnt Contributor
MUMBAI: Santa Monica, CA-based WWE Studios has closed on a revolving credit facility worth $35 million with Bank of America Merrill Lynch (BofAML). The deal comes after a multi-year successful run by the production company.
With this new arrangement, WWE Studios expects to extend and grow their partnership base, which already includes Warner Bros., Lionsgate and 20th Century Fox.
The proceeds of the facility will allow WWE Studios to execute further on its key strategy for long-term growth, increasing the number of mid-size budgets films, similar to The Call and Oculus, on its slate. The funds will also go toward the expansion of the acquisition slate.
Indian Television Dot Com | WWE Studios closes $35 million credit facility with Bank Of America Merrill Lynch
