Neon Secures $200 Million Credit Facility to Fuel Growth and Global Expansion

The indie film distributor plans to use the funding to enhance production, acquire new films, and expand its international presence.

Neon finalized a $200 million credit facility led by Comerica Bank to support its core operations and strategic growth initiatives.
The funding will bolster Neon’s film acquisition, development, production, and distribution efforts, as well as facilitate entry into new international markets.
Recent successes include the Palme d’Or-winning film 'Anora' and the horror hit 'Longlegs,' which grossed $75 million domestically, making it the top-grossing indie film of the year.
Upcoming projects include the sequel 'They Follow,' Boots Riley’s 'I Love Boosters,' and Michael Covino’s 'Splitsville,' alongside high-profile releases like 'The Seed of the Sacred Fig' and Josh Oppenheimer’s 'The End.'
This move aligns with trends in the indie film industry, as competitors like A24 also pursue significant funding to scale operations and develop larger-budget projects.