BDT Capital Partners, an affiliate of BDT & MSD Partners, has agreed to make a $125 million preferred equity investment in National Amusements Inc., the majority voting shareholder of Paramount Global.

The investment looks to position NAI for growth and further post-pandemic recovery in its underlying operations as movie theatre attendance increases. This includes strengthening NAI’s balance sheet by helping it to reduce interest expense and pay down its revolving loan and recent term loan borrowings.

“NAI has conviction in Paramount’s strategy and execution, and we remain committed to supporting Paramount as it takes the necessary steps to build on its success and capitalize on the strategic opportunities in our industry,” states Shari Redstone, chair, CEO and president of NAI.