Allegro Finance has announced a $500m (£373m) senior funding line with entities advised by Elliott Advisors, dedicated to global film and television production.
According to the firms, the senior secured credit facility is structured to scale over time, with the aim of becoming the largest non-bank platform for the global screen industries.
“This partnership represents the launch of a purpose-built institutional credit platform for the global film and television industry,” said Jamie Lowe, co-founder and chief capital officer at Allegro. “While $500m establishes significant immediate capacity, it is only the starting point.”
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Allegro is an alternative lending platform for the media sector, while investment firm Elliott manages approximately $79.8bn in assets for investors including pension plans, sovereign wealth funds and endowments.
The platform will provide long-duration institutional capital against contracted production receivables, including tax incentives, distribution minimum guarantees and unsold rights, the firms said.
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The facility supports repeat borrowing across individual projects and multi-title slates, and is available to both independent producers and established production groups.
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