The Weinstein Company’s creditors are seeking to provide a $25 million loan that would finance the U.S. movie and TV studio during its upcoming bankruptcy and help protect their collateral, Reuters reported. The creditors, the company’s group of bank lenders, are looking to protect their claims after The Weinstein Company, whose former chairman Harvey Weinstein has been accused of sexual misconduct by a number of women, said on Monday that it would file for bankruptcy. Harvey Weinstein has denied having non-consensual sex with anyone. The Weinstein Company is looking for debtor-in-possession financing that will fund its operations during bankruptcy. Lenders willing to provide this financing will rank ahead of other creditors when it comes to claims against the company. The movie library, in particular, is viewed as the studio’s most valuable asset.
