03 03 2016

A24 secures $125 million credit facility

Akin Gump has advised Comerica Bank in the structuring and arranging of a $125 million credit facility for the film distribution, production and finance company A24.


Comerica and Union Bank originally provided A24 with a $50 million line of credit in 2014. The company behind such films as “Room” and “Ex Machina” plans to use the new facility to build up its film and television business. Comerica Bank provides personal and business banking products and services. The bank led by Ralph W. Babb Jr., Curtis Chatman Farmer, Karen L. Parkhill, Curt Brown and Annette G. Musa, is based in Dallas (TX). Alissa Miller (Picture), senior counsel in Akin Gump’s entertainment and media practice, led the team advising Comerica. She was joined by partner P. John Burke, who heads the firm’s entertainment and media practice, and associate Vanessa Roman. Irell & Manella LLP represented film studio A24 with a team including Emily Catlin (Picture), Joshua Grode and Paul Swanson. Involved fees earner: Alissa Miller - Akin Gump; P. John Burke - Akin Gump; Vanessa Roman - Akin Gump; Joshua Grode - Irell & Manella; Paul Swanson - Irell & Manella; Emily Hirsch Catlin - Irell & Manella;

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