Magazine article Screen International

Fortress Investment Group in TWC Bridge Loan

Magazine article Screen International

Fortress Investment Group in TWC Bridge Loan

Article excerpt

Potential buyers continue to circle stricken company.

Fortress Investment Group is understood to be closing a bridge loan for The Weinstein Company (TWC) after Colony Capital withdrew from talks.

According to reports unconfirmed by Screendaily the amount of the loan made against the TWC library is $35m.

Despite its ongoing travails and a new lawsuit brought against it by disgraced former co-chairman Harvey Weinstein, a number of suitors see value in the distressed brand.

Viacom, Anchorage and MGM are said to be among a gaggle of companies conducting due diligence with a view to an acquisition. …

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