Creative Artists revises $325 million term B-2 OID to 96.25

By Sara Rosenberg

New York, June 23 – Creative Artists Agency tightened the original issue discount on its $325 million term loan B-2 due November 2026 (B2/B) to 96.25 from 96, according to a market source.

Pricing on the term loan remained at SOFR plus 425 basis points with a 1% floor.

The term loan still has 101 soft call protection for six months.

BofA Securities Inc., Mizuho, Credit Suisse Securities (USA) LLC, Truist, UBS Investment Bank and Nomura are the leads on the deal.

Proceeds will be used to help fund the acquisition of International Creative Management LLC, a talent agency.

Creative Artists is a talent and literary agency.

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