Skydance Media has just secured a new five-year, $1 billion credit facility led by J.P. Morgan, effectively doubling their previous credit arrangement. This exciting news comes at a perfect time as David Ellison’s co-finance and production house gears up for the highly anticipated global release of “Mission: Impossible – Dead Reckoning Part One,” which is expected to break franchise records.
This new credit facility not only extends Skydance’s long-standing relationship with J.P. Morgan but also replaces their previous four-year, $500 million revolving credit facility established in 2020. In addition to this, Skydance recently announced a successful $400 million investment round, valuing the company at over $4 billion. The round was led by KKR and the Ellison family, with participation from existing investors RedBird Capital Partners and Tencent.
Skydance’s impressive portfolio includes not only the “Mission: Impossible” franchise but also other notable projects such as “Top Gun: Maverick” and popular streaming films like “Ghosted” on Apple TV+, “The Tomorrow War” on Prime Video, and Netflix’s “The Old Guard” and “The Adam Project.” The company has also expanded its reach into sports, animation, interactive media, and new media, showcasing their versatility and commitment to innovation.
The announcement of this new credit facility was made by Skydance CFO & EVP Business Operations Larry Wasserman, alongside David Shaheen, Head of Entertainment Industries for J.P. Morgan’s Corporate Client Banking Group. Shaheen expressed his pride in building upon their longstanding relationship with Skydance and praised the company’s strength and quality content across various platforms.
Wasserman emphasized that Skydance remains focused on seizing the massive opportunities ahead to sustain and enhance their growth. With the support of J.P. Morgan, their forward-thinking business structure, and an extensive network of partners, Skydance is well-positioned to continue pushing the boundaries of global entertainment.
The negotiation and execution of this facility were expertly handled by Skydance General Counsel Stephanie McKinnon and VP Corporate Counsel Jaega Haralambus, further highlighting the company’s commitment to excellence in all aspects of their operations.
