WWE Studios has received $35 million in revolving credit in a new deal reached with Bank Of America Merrill Lynch.
“This new relationship with Bank of America Merrill Lynch gives us the opportunity to be involved in higher profile films and expand talent relationships,” WWE Studios president Michael Luisi stated.
Luisi continued, “Our audience craves larger-than-life stories, and we’re looking forward to using this new facility to bring even more of those stories to the big screen.”
There doesn’t appear to be any WWE stock backlash as a result of this announcement. WWE stock is actually up six cents as of this writing.
For more on WWE Studios’ new deal, read the following article at Deadline.com.
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