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20th Century Fox and Universal City Studios provide rescue DIP financing for Rhythm & Hues

January 2014

Client(s) 20th Century Fox and Universal City Studios

Jones Day represented 20th Century Fox and Universal City Studios on the negotiation of rescue debtor-in-possession financing to Rhythm & Hues, Inc., a special effects company, who filed for bankruptcy in January 2013. The terms of the financing included the requirement that Fox and Universal consent to any sale of the company, which consent rights ultimately led to the assumption of the loans made by Fox and Universal and the immediate repayment of substantial principal amounts upon the closing of the sale of Rhythm & Hues to 34 x 118 Holdings, LLC.

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