WIIG IS RYAN’S HOPE

Relativity’s debt talk

Cue the white horses. Actors Kristen Wiig and Zach Galifianakis are poised to ride to the rescue of Ryan Kavanaugh’s troubled Relativity Media studio, sources tell The Post.

Creditors have extended until July 9 the deadline for Kavanaugh to come up with financing to relieve $320 million in overdue debt payments — but some junior debt holders are pressing not to push Relativity into bankruptcy should the studio boss fail to arrange a debt restructuring by that date, sources said.

The junior creditors are willing to wait until after the Aug. 19 premiere of Relativity’s Lorne Michaelsproduced “Masterminds,” starring Wiig, Galifianakis, Owen Wilson and Jason Sudeikis — hoping a strong box office will alleviate some of the studio’s financial pain, sources said.

CEO Kavanaugh missed a May 29 debt payment and couldn’t complete a debt or equity cash infusion before a 30day grace period ended June 29.

Amid a flurry of activity — more talks between Kavanaugh and potential lenders and moves by creditors and some equity holders to restructure the debt — the deadline was extended until July 9, sources said.

But any extension — whether to July 9 or to beyond “The Masterminds” premiere — could be tenu ous as any creditor could change its mind and force Relativity into bankruptcy, sources noted.

“I think the company could go into bankruptcy because a lot is happening,” a source close to the situation said. “Relativity is spending a lot of time trying to arrange an outofcourt refinancing.”

Hoping the WiigGalifianakis film can be a savior is not such a farfetched idea.

After Relativity’s string of boxoffice lightweights, the film could pull in some serious cash. It needs to pass $50 million at the box office to be profitable, sources said.

BoxOffice.com believes the film “could be one of the summer’s most successful comedies” and that it could pull in $55 million.

That’s a farcry from the $320 million owed creditors — but enough, it seems, to give some creditors hope.

Owed about $200 million, the junior creditors — many of them hedge funds — are willing to wait because pushing Relativity into bankruptcy would force them to immediately write down their investment — something they are loathe to do, sources said.

A company spokesman said, “Relativity does not comment on rumors or speculation. We are close to concluding an overall deal with our lenders and new equity partners which will position the company for longterm growth.”