Relativity Media has received $100 million in financing commitments in advance of aย final hearing on its reorganization plan next week, the company announced on Monday.
The new fundingย includes more than “$100 million in additional commitments from investors,” which include CEOย Ryan Kavanaugh, hedge fund honchoย Joseph Nicholas, Macquarie Bank, Alphabet (formerly Google) CEO Eric Schmidt’sย TomorrowVentures and Carat Global.
The new financing isย in addition toย $180 million in senior debt acquired by Kavanaugh and Nicholas, as well as an ultimates loanย being syndicated by GHL & Company and Aperture Media Partners. The company saidย Carat Global has also agreed to extend credit forย Relativity’s P&A capital, making its debtย “much less than expected.”