LBI Media seeks $200 million credit facility

By Sara Rosenberg

New York, June 14 - LBI Media Inc. is currently in market with a $200 million credit facility, according to a syndicate document.

Credit Suisse is the lead arranger on the deal that was launched with a bank meeting on Tuesday.

The facility consists of a $150 million five-year revolver talked at Libor plus 200 basis points, with a 50 bps commitment fee, and a $50 million five-year delayed-draw term loan talked at Libor plus 175 bps, the document said.

Proceeds will be used to refinance existing debt.

LBI Media is a Burbank, Calif., owner and operator of Spanish-language radio and television stations.

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