Lions Gate Entertainment talks $200 million seven-year notes at 11%-11¼% with 3-5 points OID

By Paul A. Harris

St. Louis, Oct. 15 - Lions Gate Entertainment, Inc. talked its $200 million offering of seven-year senior secured second-priority notes (B2/B) on Thursday at 11% to 11¼% with 3 points to 5 points of original issue discount, according to an informed source.

The deal is expected to price on Friday.

J.P. Morgan Securities Inc. has the books.

Wells Fargo Securities is the senior co-manager. Mitsubishi, Piper Jaffray & Co. and Thomas Weisel are co-managers.

Proceeds will be used to repay revolving credit facility debt.

The issuer is a Vancouver, B.C., developer, producer and distributor of filmed entertainment content.

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