Neon the indie distributor founded by Tom Quinn that found box office success with art house titles likeParasiteandrecently with Sean Bakers Anora has secured a $200 million credit facility with a lending consortium led by Comerica Bank.

The revolver will help grow Neons operations, including film acquisition, development, production, and distribution, while also driving the indie studio into new international markets. In 2022, Neon secured a revolving credit facility with Comerica Bank to expand the studios previous credit facility. The latest funding will also help grow Neons production efforts. The studios upcoming film development and production slate includesthe Boots Riley featureI Love Boosters, starring Keke Palmer, Naomi Ackie and LaKeith Stanfield;They Follow, the sequel to the horror classicIt Followsfrom writer/director David Robert Mitchell, and starring Maika Monroe; and Michael CovinosSplitsville, starring Dakota Johnson and Adria Arjona.

The financing deal was negotiated by Neon CFO Ryan Friscia, and follows the release of Bakers Anora,which stars Mikey Madison and won the Palme dOr in Cannes, and Osgood Perkins horror filmLonglegs, which has grossed around $75 million in domestic box office.

Derek Riedel, senior vp of the entertainment group at Comerica Bank, said in a statement: Comerica believes in the vision of Neon and couldnt be more thrilled to support their continued growth. Their ability to identify and curate film, while finding innovative ways to connect audiences with cinema, is unmatched.

Upcoming Neon releases includeIranian director Mohammad RasoulofsThe Seed of the Sacred Fig; Josh OppenheimersThe End,starring Tilda Swinton; and the documentary2073from Oscar winner Asif Kapadia, which bowed in Venice.