Dean Devlin’s Electric Entertainment has announced that it has secured $75 million in credit facilities from First Republic Bank.
Electric has closed a $20 million production facility with the bank to finance the second season of the TNT show “The Librarians,” starring Rebecca Romijn, Christian Kane and John Larroquette and featuring Noah Wyle. Production is slated to begin in June.
Electric has now closed over $75 million in financing with First Republic Bank in the past three years to facilitate Electric’s expansion of its operations in TV and feature film production, along with growth of its worldwide sales arm.
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http://variety.com/2015/film/news/dean-devlins-electric-entertainment-secures-45-million-1201494512/
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