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Sss Entertainment Closes $20M Credit Facility Via Louisiana’s Red River Bank

Sss Entertainment Closes $20M Credit Facility Via Louisiana’s Red River Bank

Exclusive: Shaun Sanghani’s Sss Entertainment, producer of films such as the upcoming, Al Pacino-starring World War II drama Axis Sally, has closed a $20 million revolving credit facility with Louisiana-based Red River Bank.

Sss Film Capital, a newly created unit, will leverage the new funds for secured and unsecured debt positions on upcoming projects. Founded in 2007, Sss has backed about 30 film and TV titles to date, including King Cobra, the Bruce Willis-starring 10 Minutes Gone and the James Franco-directed The Pretenders.

“I’m thrilled to be partnering with Red River Bank as we continue to grow our slate and move into bigger-budget fare with bigger talent. We all hail from the same community in Louisiana and their values and professionalism reflect my own,” Sanghani said.

Given market uncertainty in the independent sector, he added, the new financial resources will “allow us to operate and invest in both outside

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