EXCLUSIVE : Fifth Season has closed a new five-year, $500 million credit facility led by J.P. Morgan, extending a longstanding partnership.

The indie studio behind hit Apple TV series Severance and 2025 films Friendship and Nonnas said it secured “best-in-class terms” for the five-year renewal.

“We are incredibly appreciative of the continued confidence our financing partners have in Fifth Season’s growth, vision, and creative ambition,” said CFO and COO Kasee Calabrese. “Their support has allowed us to produce and finance more than 100 seasons of television, movies, and documentaries that have won awards, moved audiences, and impacted culture.”

Fifth Season nabbed 36 Emmy nominations and eight wins in 2025 with 17 films and series premiering in theaters and across major str

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