CAA's top agents in line for near $400 million payday
Some of Hollywood’s top talent agents and executives at Creative Artists Agency, which represents A-listers Julia Roberts and Brad Pitt, are in line for a nearly $400-million payday as the agency seeks a $1.15-billion loan to help buy back employee shares.last month, CAA and its bankers are in talks with potential creditors to replace an existing loan of more than $750 million at potentially more attractive interest rates, said a person familiar with the talks who was not authorized to comment.
in a statement, detailing plans for the $1.15-billion loan and a $125 million revolving credit facility. The rating agency noted that leverage would be high following the proposed loan but said CAA is expected to benefit from positive industry conditions driven by strong demand for content over the next two years.
The agency saw a surprise exit this summer when CAA Global Chief Executive Steve Hasker, who was in charge of most of CAA’s business outside of traditional talent representation,Hasker was tasked with building business in its joint venture in China, and with its investment bank Evolution Media Capital and innovation arms CAA Ventures and CAA Labs.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Black Crowes Sign With CAAA day after the Black Crowes confirmed their reunion, announced their 2020 “Shake Your Moneymaker” 30th anniversary tour and capped it with their first concert in six years, the group announced tha…
Baca lebih lajut »
Black Crowes Sign With CAA Ahead of Reunion TourCAA has signed rock band The Black Crowes for worldwide representation as the group reunites for a 30th anniversary tour.
Baca lebih lajut »
CAA Raising Close To $400M To Repurchase Executives’ EquityCAA is looking to raise around $400M to buy back equity from its agents and executives. This is a meaningful way of rewarding the agency’s top earners who’ve built the company, while ke…
Baca lebih lajut »
CAA to Raise $393 Million to Buy Equity From EmployeesThe move represents a potential liquidity event for top earners at the agency in a similar fashion as an IPO might have.
Baca lebih lajut »
Alibaba-backed EV startup XPeng raises nearly $400 million for growth: sourcesChinese electric vehicle (EV) manufacturer XPeng, backed by Alibaba Group Holdin...
Baca lebih lajut »
Diplomat Bill Taylor reveals Trump discussed Biden probe with EU ambassador day after July 25 Ukraine callWithholding security assistance to Ukraine “for no good reason, other than help with a political campaign, made no sense,” Ambassador Taylor said today during the House impeachment hearing. “It was illogical, it could not be explained, it was crazy.”
Baca lebih lajut »