Eros International-STX Entertainment Merger

Eros, EROS International, STX Entertainment Merger, Hony Capital, Liberty Global, STX Entertainment, Kishore Lulla


The combined company will be named Eros STX Global Corporation and will trade publicly on the NYSE

Some of the highlights of the merger are as follows:

Revamped capital structure includes $125 million of incremental equity from new and existing STX Entertainment equity investors, including TPG, Hony Capital and Liberty Global; superior liquidity and a robust balance sheet including a $350 million JP Morgan-led credit facility

Increased financial scale with over $600 million in pro forma revenue for calendar 2019 and over $300 million of highly-predictable aggregated future revenue from STX Entertainment films already released through 2019

188 million+ Eros Now registered users including 26 million+ paid subscribers
Approximately $50 million of highly-actionable operating synergies across global operations
Newly constituted management team led by Kishore Lulla as Executive Co-Chairman, Robert Simonds as Co-Chairman & Chief Executive Officer, Andrew Warren as Chief Financial Officer, Rishika Lulla Singh and Noah Fogelson as Co-Presidents, and Prem Parameswaran as Head of Corporate Strategy

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