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United Talent wraps $100 million add-on term loan B at 99.25 OID
By Sara Rosenberg
New York, Dec. 13 – United Talent Agency completed syndication of a $100 million add-on term loan B due July 2028 at an original issue discount of 99.25, according to a market source.
Pricing on the add-on term loan is Libor plus 400 basis points with a 0.75% Libor floor.
JPMorgan Chase Bank is the lead on the deal.
Proceeds will be used to fund tuck-on acquisitions.
United Talent is a Los Angeles-based talent and entertainment company.
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