The studio argues the decades-old financing agreements cannot be transferred without its consent under bankruptcy law, citing its role as "Production Lender" that fronts hundreds of millions in production costs

The proposed facility includes a $1.5 million interim draw, a $2.2 million roll-up of prepetition debt, and will fund operations through the 2025 holiday season and an orderly liquidation process

The company needs court approval by November 24 to access production-based bonus payments and secure specialized materials for 2026 manufacturing. The DIP Lenders, Senior Secured Lenders, and Creditors' Committee have...