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Only six days ago, Relativity announced that it had hired Blackstone, FTI Consulting and law firm Jones Day to help guide them on trying to restructure their financial picture.

Kavanaugh has pulled it off before, but sheesh, what a way to run a company swinging from one financial lender to another throughout the financial forest. According to one source there is “a specific white knight’ who Relativity is in negotiations with right now to infuse capital into the company and because of that possibility, creditors have given Relativity a 30-day extension to see if a deal can be sealed. Kavanaugh, who’s no dummy when it comes to financial maneuvers, is said to still have only a few weeks to pull another rabbit out of his hat and is known to be in discussions with both potential debt and equity investors. At issue is that a repayment - around $250 million to lenders (one of which is Colbeck Capital) which sources said is coming due before month’s end. Multiple sources tell Deadline that time is running out for the Relativity founder/CEO to come up with yet another financial save - either in a restructuring or a reverse merger (which has been explored as recently as one month ago with Cinedigm), to get an extention (or reprieve), or to find a white knight equity investor. The clock is ticking for Ryan Kavanaugh and his Relativity Media.

Will transporter refueled movie come out in netflex