Vice Media has landed a $500 million credit facility from Western Alliance Bank, with plans to use it to fill out its programming slate.

The transaction is the latest milestone for Vice since its emergence from bankruptcy. Amy Powell , the Paramount and Amazon veteran who joined Vice last May as president of the company’s studio division, intends to use the new financial resources on staffing, acquisitions and development. Plans call for scripted projects, not historically Vice’s signature, to be part of the new mix.

While word of the new credit facility and Vice’s corporate backers has appeared elsewhere, Powell shared her outlook on building the programming exclusively with Deadline.

“Our No. 1 focus is to develop IP that has the potential to become a long-term franchise,” Powell

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