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Panavision in default state
  • Vitaliy_KiselevVitaliy_Kiselev

    In 2006, Panavision refinanced its outstanding debt and got more than $300 million in credit facilities from Credit Suisse. Faced with a downturn in movie and TV production, the financially troubled company was forced to do more debt restructuring in 2010 that caused the company's then-largest stakeholder Ronald Perelman to give up a controlling interest.

    Now, Wilmington Trust, National Association, the successor collateral agent to Credit Suisse, has filed papers in New York state court and says Panavision is $1.7 million past due.

    Via: http://www.hollywoodreporter.com/thr-esq/supplier-hollywood-cameras-loan-default-563573

  • 1 Reply sorted by
  • CFreakCFreak

    They make fantastic lenses and have "Panavised" Arri Alexas to try and keep up. Last I heard the NYC office had a shared space with... Kodak.

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