Metro-Goldwyn-Mayer seeks $200 million loan at fixed rate of 5½%-5¾%

By Sara Rosenberg

New York, June 9 – Metro-Goldwyn-Mayer Inc. is shopping a $200 million fixed-rate second-lien term loan (Ba3/BB-) at talk of 5½% to 5¾% with a par offer price, according to sources.

The loan is non-callable for one year, then at 102 in year two and 101 in year three, sources said.

J.P. Morgan Securities LLC and Goldman Sachs Bank USA are leading the deal that launched last week.

Proceeds will be used for general corporate purposes.

Metro-Goldwyn-Mayer is a Los Angeles-based producer and distributor of motion pictures, television programming, home video, interactive media, music and licensed merchandise.

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