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Summit To Raise $800M In Financing

Summit Entertainment is looking to raise $800 million in loans to repay debt, finance production and pay dividends.

Summit Entertainment is looking to raise $800 million in loans to repay debt, finance production and pay dividends,Bloomberg reports. The production company is seeking a $600 million seven- year term loan and a $200 million revolving credit facility.

Summit may pay a special distribution to investors, including Participant Media and investment banker, Rizvi Traverse Management. The company has appointed JPMorgan Chase and UBS to arrange the financing.

Click here for the story from Bloomberg.

Click here for the additional coverage from Los Angeles Times.

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