CKx launches $200 million first-lien term loan at fixed rate of 9%

By Sara Rosenberg

New York, Jan. 17 - CKx Inc. launched a $200 million 51/2-year first-lien term loan on Tuesday morning with price talk of a fixed rate of 9%, according to a market source.

The original issue discount on the loan is still to be determined, the source said.

The loan is non-callable for 2½ years.

Commitments are due on Jan. 31.

Goldman Sachs & Co. and Macquarie Capital are leading the deal.

Proceeds will be used to help replace the debt financing that was used to fund the buyout of the company by Apollo Global Management last year.

CKx is a New York-based owner of entertainment content.

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