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Village nails $400 mil credit line. (Village Roadshow Corp.)(Film)(Brief Article)
Village Roadshow Corp. has arranged a total of almost $400 million in two film-financing credit lines from CIBC and Union Bank of California, funding the Australia-based indie's film production plans over the next five years, banking sources said June 17.
The deals, similar to many of the off-balance-sheet film financings done for Hollywood majors in the past couple of years, mark the first time either CIBC or Union Bank have played a lead role in arranging film financings, although both have participated in such deals arranged by other banks in the past.
Banking sources say CIBC arranged a $200-million production financing, to cover Village's output over …
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