New Regency extended the terms of its JP Morgan-led credit facility for five years on Tuesday, founder Arnon Milchan and CEO Yariv Milchan said.

The extension includes a revolving credit of $ 700 million and is also supported by Bank of America, Union Bank, Sun Trust and several other banks in addition to JP Morgan.

Along with the extension, New Regency also entered into a five-and-a-half-year, $ 125 million term loan from The Carlyle Group.

JP Morgan, who has organized financings for New Regency for decades, was the sole bookrunner, administrative agent and lead co-arranger of the term loan alongside the Carlyle Direct Lending Platform, which is part of the Global Credit division of Carlyle. The closing of the two agreements strengthens New Regency for an additional five years, arming it with $ 825 million.

“We look forward to continuing our relationship with JP Morgan and starting this new partnership with The Carlyle Group,” Milchan said in a statement. “Carlyle’s unique combination of in-depth knowledge of the film industry, flexible capital and ability to tailor a solution to meet the specific needs of our business makes him an ideal partner. This agreement will allow New Regency to continue to grow and produce high quality creative content for audiences around the world. “

The capital injection comes amid a global health and economic crisis where most Hollywood companies have sought ways to boost their businesses and better position themselves after the pandemic.

New Regency boasts a solid value film library and these transactions provide new capital for the company to continue producing content. New Regency has an established relationship with Disney, which currently distributes its films worldwide through 20th Century Studios.

New Regency’s upcoming roster includes “Deep Water” by Adrian Lyne, with Ben Affleck and Ana de Armas; “Everybody’s Talking About Jamie,” a film adaptation of the acclaimed musical starring Richard E. Grant, Sharon Horgan, Sarah Lancashire and newcomer Max Harwood. The studio is also offering an untitled original David O. Russell film starring Christian Bale, Michael B. Jordan and Margot Robbie, as well as Robert Eggers’ “The Northman” starring Alexander Skarsgård, Nicole Kidman and Willem Dafoe.

“We are delighted to partner with New Regency and JP Morgan,” said Jonathan Pearl, Managing Director of Carlyle Direct Lending, in a statement. “New Regency has built a unique library of independently produced films by consistently delivering critically acclaimed box office hits over its long history of success. We look forward to supporting the continued growth of the business, particularly during this unprecedented period of economic and market volatility. “

The Carlyle Group is a global investment firm with $ 217 billion in assets under management. The company deploys private capital in four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. The Carlyle Group direct lending platform manages approximately $ 5 billion in assets and focuses on investing in the middle market through the capital structure.

“We are thrilled to be working with The Carlyle Group to help our longtime client, New Regency, continue to innovate and thrive,” said David Shaheen, Head of Entertainment Industries and Western Region for JP Morgan’s corporate banking and specialty activities, in a statement.

New Regency recently launched New Regency Television International, a division responsible for producing television content for the international market based in London. The division is focused on the development and production of premium scripted, written and distinctive content for the international market.

New Regency also has a predominantly London-based international sales team that manages international licensing activities for the company’s film and TV library.

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