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Loeb & Loeb represented East West Bank in a $45 million secured term loan to Free Association Live (FA Live) to support the global expansion of Magic Mike Live, the live entertainment franchise co‑founded by American actor Channing Tatum.
In addition to the secured term loan from East West Bank, the financing includes a strategic investment from Alignment Growth. The capital will support the international expansion of Magic Mike Live, which has staged sold‑out performances in London and Las Vegas, with new productions planned for New York, Australia, Asia and Europe.
Since its debut in 2017, Magic Mike Live has entertained more than 2 million guests across over 6,000 performances worldwide. FA Live plans to leverage its infrastructure and track record in experiential entertainment to expand existing intellectual property and develop new live formats.
Loeb handled all aspects of the transaction for East West Bank, including advising on the secured term loan structure and negotiating transaction documents, as well as providing counsel on a range of entertainment‑specific and theater law issues relating to the production, operation and global rollout of live theatrical performances.
The Loeb team was led by Paul Swanson, chair of the firm’s Entertainment Finance practice, and included Entertainment partner David Manella, who was instrumental in providing advice on theater law issues, Entertainment associate Daniel Donohue and Capital Markets paralegal Steven Henry Reed.
In addition to the secured term loan from East West Bank, the financing includes a strategic investment from Alignment Growth. The capital will support the international expansion of Magic Mike Live, which has staged sold‑out performances in London and Las Vegas, with new productions planned for New York, Australia, Asia and Europe.
Since its debut in 2017, Magic Mike Live has entertained more than 2 million guests across over 6,000 performances worldwide. FA Live plans to leverage its infrastructure and track record in experiential entertainment to expand existing intellectual property and develop new live formats.
Loeb handled all aspects of the transaction for East West Bank, including advising on the secured term loan structure and negotiating transaction documents, as well as providing counsel on a range of entertainment‑specific and theater law issues relating to the production, operation and global rollout of live theatrical performances.
The Loeb team was led by Paul Swanson, chair of the firm’s Entertainment Finance practice, and included Entertainment partner David Manella, who was instrumental in providing advice on theater law issues, Entertainment associate Daniel Donohue and Capital Markets paralegal Steven Henry Reed.
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Chair, Entertainment Finance -
合伙人 -
Associate
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Paralegal