Entertainment Partners talks term loan B at Libor plus 375-400 bps

By Sara Rosenberg

New York, Oct. 14 – Entertainment Partners launched on Thursday its $850 million seven-year term loan B with price talk of Libor plus 375 basis points to 400 bps with a 0.5% Libor floor and an original issue discount of 99 to 99.5, according to a market source.

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

BofA Securities Inc., JPMorgan Chase Bank, Barclays, Citigroup Global Markets Inc., Goldman Sachs Bank USA, Mizuho, SVB and TPG Capital are the leads on the deal.

Commitments are due at 5 p.m. ET on Oct. 28, the source added.

Proceeds will be used for a dividend recapitalization.

Entertainment Partners is a Burbank, Calif.-based provider of workforce management services to the TV, film and broader entertainment industries.

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