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DreamWorks will get its $325 mil
June 11, 2009 DreamWorks' plan to raise $325 million in lender financing -- part of a funding scheme covering at least three years of film production -- is now oversubscribed with verbal commitments, and its bankers soon will begin closing on the loan syndication. Reliance Big Entertainment will provide a letter of credit for a matching amount in equity funding, and RBE topper Anil Ambani is heading to Los Angeles on Monday for a CAA-hosted reception to introduce him to local VIPs. Ambani is visiting the U.S. for other business, and the talent agency is taking the opportunity to introduce the Mumbai magnate to top talent and others involved in a number of film production deals inked through CAA last year.
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