Kerasotes to launch $75 million term loan add-on, repricing on Wednesday

By Sara Rosenberg

New York, Feb. 12 - Kerasotes ShowPlace Theatres LLC is scheduled to hold a conference call on Wednesday to launch its $75 million term loan add-on and a repricing of its term loan debt, according to a market source.

Deutsche Bank is the lead bank on the deal.

Under the repricing, the company is looking to take the term loan spread down to Libor plus 225 basis points from Libor plus 250 bps, the source said.

Proceeds from the add-on will be used to fund the purchase of 13 additional theaters and 153 screens.

Kerasotes is a Chicago-based movie chain.

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