Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers U > Headlines for United Talent Agency > News item |
United Talent Agency to launch $300 million term loan B on Friday
By Sara Rosenberg
New York, June 17 – United Talent Agency is scheduled to hold a lender call at 12:30 p.m. ET on Friday to launch a $300 million term loan B (B+), according to a market source.
JPMorgan Chase Bank is the lead on the deal.
Price talk on the term loan B is Libor plus 375 basis points to 400 bps with a 0.75% Libor floor and an original issue discount of 99, the source said.
The term loan has 101 soft call protection for six months.
Proceeds will be used to refinance existing debt, fund a distribution and add cash to the balance sheet.
Commitments are due at noon ET on June 30, the source added.
United Talent is a Los Angeles-based talent and entertainment company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.