CIT Arranges $245 Mln in Financing for Alcon Entertainment

Posted on Thursday, May 15, 2008 10:53 AM
(RTTNews) - CIT Group Inc. (CIT) announced that it has successfully arranged the financing for the production of 15 films over the next five years for Alcon Entertainment. The films will be distributed domestically through Warner Bros. CIT Communications, Media & Entertainment, a unit of CIT, acted as sole lead arranger and co-bookrunner in the $185 million senior secured credit facility for Alcon Entertainment and also served as sole lead arranger of $60 million in mezzanine financing. JP Morgan Chase acted as co-bookrunner and administrative agent on the senior secured credit facility. For comments and feedback: contact editorial@rttnews.com
Stocks To Watch Today: MS, AKS, MON, ACI, NSM, MEE, MGM, FFIV, NVS, GSK, EQ (Click Symbol For Latest News)

Enter your email address below and Click on the [Sign Up] button to receive our exclusive daily Morning Market Update plus a FREE password for access to the news, insight and intelligence that can make a difference in the way you invest.

eMail Address: 

Market Intelligence Center
Add to del.icio.usdel.icio.us  Add to My Yahoo!  RSS Feed  Add to Google  Add to My AOL  stock market news
Portions of this content may be copywritten by Fresh Brewed Media, Wall Street Secrets Plus, Investors Observer, VHS, LLC., and RealTimeTraders.com. SmartReadMX and related technologies are covered by US Patent Office # 60/631,747.