Film maker Reliance rolls cameras for $100m loan

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By Shruti Chaturvedi
16 Jun 2016

Reliance Big Entertainment US has approached the Asian syndicated loan market for a $100m deal, bringing a rarely seen film production name to lenders. While there are some concerns over its cash flows, the borrower is mitigating those fears with two credit enhancements. Shruti Chaturvedi reports.

The firm is part of India’s Reliance Anil Dhirubhai Ambani Group (Reliance Group) and has picked Credit Suisse to run its three year trade. The lender is understood to have funded $75m of the loan in May, and has now launched it into syndication.

While the size ...

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