Hemisphere Media talks $200 million loan at Libor plus 375-400 bps

By Sara Rosenberg

New York, July 11 – Hemisphere Media Group Inc. is talking its $200 million six-year term loan at Libor plus 375 basis points to 400 bps with a 1% Libor floor and an original issue discount of 99½, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal that launched on Thursday.

Proceeds will be used to refinance existing debt and for general corporate purposes.

Hemisphere Media is a Miami-based Spanish-language media company.

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