Neon has closed a revolving credit facility with Comerica Bank and said it will use the capital to “aggressively” expand its production slate.
The company led by founder-ceo Tom Quinn didn’t disclose the amount but said it’s an expansion from the studio’s previous credit facility.
“Comerica is ecstatic to establish a relationship with Tom and the Neon team as they enter this new phase of exciting growth,” said Derek Riedel, SVP of Comerica Bank’s Entertainment Group. “The company has been a market leader since their formation and continues to acquire, produce and release dynamic films in the marketplace. We couldn’t be more thrilled to be their partner moving forward.”
The deal comes as Neon claimed its third consecutive Palme d’Or (following Parasite and Titane) for Ruben Östlund’s Triangle of Sadness,...
The company led by founder-ceo Tom Quinn didn’t disclose the amount but said it’s an expansion from the studio’s previous credit facility.
“Comerica is ecstatic to establish a relationship with Tom and the Neon team as they enter this new phase of exciting growth,” said Derek Riedel, SVP of Comerica Bank’s Entertainment Group. “The company has been a market leader since their formation and continues to acquire, produce and release dynamic films in the marketplace. We couldn’t be more thrilled to be their partner moving forward.”
The deal comes as Neon claimed its third consecutive Palme d’Or (following Parasite and Titane) for Ruben Östlund’s Triangle of Sadness,...
- 10/11/2022
- by Jill Goldsmith
- Deadline Film + TV
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