Hallmark Entertainment seeks $415 million credit facility

By Sara Rosenberg

New York, Dec. 14 - Hallmark Entertainment is in-market with a $415 million credit facility, according to a market source.

JPMorgan is the lead bank on the deal.

The facility consists of a $75 million five-year revolver talked at Libor plus 225 basis points, a $75 million five-year term loan A talked at Libor plus 225 bps, a $215 million six-year term loan B talked at Libor plus 250 bps and a $50 million 61/2-year second-lien term loan talked at Libor plus 600 bps, the source said.

Proceeds from the facility, which launched with a bank meeting on Dec. 8, will be use for leveraged buyout financing.

Hallmark Entertainment is a diversified entertainment company.

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