SDI Media seeks $150 million credit facility

By Sara Rosenberg

New York, July 18 - SDI Media Group is currently in market with a $150 million credit facility, according to a market source.

BNP Paribas is the lead bank on the deal that was launched with a bank meeting on Tuesday.

The facility consists of a $20 million revolver talked at Libor plus 300 to 325 basis points, a $10 million delayed-draw first-lien term loan talked at Libor plus 300 bps to 325 bps, an $85 million first-lien term loan B talked at Libor plus 300 bps to 325 bps and a $35 million second-lien term loan talked at Libor plus 600 bps to 625 bps, the source said.

Proceeds will be used to help fund the buyout of the company by Elevation Partners from Warburg Pincus.

SDI is a Los Angeles-based provider of subtitling and language dubbing services to the entertainment industry.

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