Legendary Entertainment Raises $275M in Equity and Debt Financing

Published On April 10, 2012 |

Legendary Entertainment, a Burbank, CA-based media company, has raised $275m in aggregate equity and debt financing deals.

The equity portion consists of $128m in new financing from a collection of new and existing investors including Accel Partners, Gordy Crawford, IDG Capital Partners, Morgan Stanley Investment Management, Thiel Capital LLC and Tomorrow Ventures, LLC.
Additionally, the company closed a new $150m round of debt financing structured and arranged by JPMorgan, Bank of America, Royal Bank of Canada and UBS, which all served as co-leads and, Goldman Sachs Lending Partners LLC also participated in the financing.

Legendary intends to use the proceeds from the financings to retire and refinance debt incurred in connection with Legendary’s 2010 recapitalization, more than 18 months prior to the scheduled maturity, and execute projects across its filmed entertainment, publishing and television business units.

Led by Chief Executive Thomas Tull, The company has film (Legendary Pictures), television (Legendary Television) and comics (Legendary Comics) divisions dedicated to owning, producing and delivering content to mainstream audiences with a targeted focus on the powerful fandom demographic. Legendary is currently developing in-house Warcraft; Godzilla; Seventh Son; Gravel; and Mass Effect. Upcoming releases with partner Warner Bros. include Pacific Rim, Wrath of the Titans, Jack the Giant Killer and the anticipated The Dark Knight Rises.

FinSMEs

10/04/2012

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