Report: Legendary Pictures on the Hunt for $900M Credit Line

New financing would run through 2016

Legendary Pictures is trying to raise $900 million through a new five-year line of credit, Variety reports.

A spokesperson for the company did not immediately respond to requests for comment. 

Legendary would use the financing on its upcoming slate of films such as "The Dark Knight Rises," "World of Warcraft," and the Superman reboot, according to the report. Its current line of credit ends next year. 

Legendary has had a series of hit films since it was founded in 2005 by Thomas Tull; among them "The Dark Knight" and "The Town." 

In October, Tull, along with Fidelity and Fortress Investments, bought out several original investors in the company including AIG Direct Investments, Bank of America, Abry Partners, Falcon Investment, Advisors Columbia Capital and M/C Venture Partners.

Earlier this month, Venture capital maestro Jim Breyer and his Accel Partners bought $40 million of Legendary shares.