United Talent Agency finalizes $300 million term loan B at 99 OID

By Sara Rosenberg

New York, July 1 – United Talent Agency firmed the original issue discount on its $300 million term loan B (B2/B+) at 99, the wide end of revised talk of 99 to 99.5 but in line with initial talk of 99, according to a market source.

Pricing on the term loan is Libor plus 400 basis points with a 0.75% Libor floor.

The term loan has 101 soft call protection for six months.

Earlier in syndication, pricing on the term loan finalized at the high end of the Libor plus 375 bps to 400 bps talk.

JPMorgan Chase Bank is the lead on the deal.

Proceeds will be used to refinance existing debt, fund a distribution and add cash to the balance sheet.

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.