RHI Entertainment has secured bankruptcy court approval for Chapter 11 financing, Bloomberg reports. The U.S. producer of television movies will get a so-called debtor-in-possession loan from JP Morgan Chase. The lender will provide the New York-based company with a $15 million revolving credit facility. RHI, which filed for Chapter 11 protection in December, is planning to give its senior lenders all of its new common stock and $300 million in new term loans, while junior lenders will get the remaining stock as well as warrants to purchase additional shares, adds Capital.gr.

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