The new iteration of Millennium Entertainment has secured $40 million in credit for operations and acquisitions.
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The newly closed deal involves a senior revolving credit facility and term loan facility led by SunTrust Robinson Humphrey, Inc. as sole lead arranger and sole bookrunner. SunTrust Bank will serve as administrative agent, along with a number of institutions that include Pacific Mercantile Bank and Preferred Bank.
The deal provides for a $20 million term loan as well as a $20 million revolving line of credit with an additional accordion feature for future growth opportunities, the company said.