New Line Cinema said it has secured a revolving $400 million production facility through an asset-backed commercial paper conduit led by ABN Amro Bank.
Los Angeles-based New Line, a subsidiary of Time Warner Inc., said it would use the loan to fund production activities over the next three years for itself and for Fine Line Features.
The loan is nonrecourse to Time Warner and will not fall on its balance sheet.
The loan was syndicated to a group of seven banks including Westdeutsche Landesbank, ING Barings, Sumitomo Bank Ltd., Banque Nationale de Paris, Caisse Nationale de Credit Agricole, Dai-Ichi Kangyo Bank Ltd., and Union Bank of Switzerland.
New Line and Fine Line are independent producers and distributors of motion pictures.