Equity Investors include Accel Partners, Gordy Crawford, IDG Capital Partners, Morgan Stanley Investment Management, Thiel Capital LLC and Tomorrow Ventures, LLC 

Burbank, CA, April 04, 2012-Legendary Entertainment has completed separate equity and debt financing deals totaling approximately $275 million in aggregate proceeds. The equity component consists of $128 million in new financing from a collection of new and existing investors. Existing Legendary equity investors who participated in this round include Jim Breyer and Breyer Capital and Accel Partners, IDG Capital Partners, and Gordy Crawford. New investors in Legendary include Morgan Stanley Investment Management, Peter Thiel's Thiel Capital LLC, and Eric Schmidt's Tomorrow Ventures, LLC. Goldman, Sachs & Co. acted as sole agent to Legendary in the equity financing.

Additionally, Legendary simultaneously closed a new $150 million round of debt financing structured and arranged by JPMorgan, Bank of America, Royal Bank of Canada and UBS who all served as co-leads and, Goldman Sachs Lending Partners LLC also participated in the bank financing.

Legendary will use the proceeds of these transactions to retire and refinance debt incurred in connection with Legendary's 2010 recapitalization, more than 18 months prior to its scheduled maturity. Plans for the monies also include adding investment and working capital as Legendary readies projects across its filmed entertainment, publishing and television business units.  

SeparatelyLegendary East expects to announce its financial and distribution arrangements later this year. On December 31, 2011, the date pre-arranged by Legendary and its partners, Legendary East allowed its previously contemplated business structure to lapse, enabling it to explore relationships with new distribution and financial partners. 

ABOUT LEGENDARY ENTERTAINMENT

Legendary Entertainment is a leading media company with film (Legendary Pictures), television (Legendary Television) and comics (Legendary Comics) divisions dedicated to owning, producing and delivering content to mainstream audiences with a targeted focus on the powerful fandom demographic.  Through complete or joint ownership, Legendary is building a library of marquee media properties and has established itself as a trusted brand which consistently delivers high-quality, commercial entertainment including some of the world's most popular intellectual property.  Among the wholly-owned projects that Legendary Pictures is currently developing in-house are an adaptation of the phenomenally successful interactive game universe Warcraft; Godzilla, based on Toho Company's famed character; Seventh Son directed by Sergei Bodrov; Warren Ellis' Gravel; and Mass Effect, based on Electronic Arts' and BioWare's hit videogame franchise. Upcoming Legendary releases with partner Warner Bros. include Pacific Rim, Wrath of the Titans, Jack the Giant Killer and the highly anticipated The Dark Knight Rises.  Previous successful Legendary and Warner Bros. releases include the critically acclaimed Inception, which has been a box office smash grossing more than $823 million worldwide, as well as the global blockbusters The Hangover, Parts I and II (over $1 billion worldwide total), Clash of the Titans ($493 million worldwide), The Dark Knight ($1 billion worldwide), and 300 ($456 million worldwide).

For More Information:

Melissa Zukerman
Paul Pflug
Principal Communications Group
323.658.1555
Mellisa@pcommgroup.com
Paul@pcommgroup.com