Creative Artists to launch $125 million term loan on Thursday

By Sara Rosenberg

New York, March 6 – Creative Artists Agency LLC will hold a lender call at 11 a.m. ET on Thursday to launch a fungible $125 million incremental first-lien term loan B due Nov. 26, 2028, according to a market source.

BofA Securities Inc., BNP Paribas Securities Corp., Credit Agricole, HSBC Securities (USA) Inc., JPMorgan Chase Bank, Mizuho, RBC Capital Markets and Truist Securities are the arrangers on the deal.

Pricing on the incremental term loan is SOFR plus 350 basis points with a 0% floor, in line with existing term loan B pricing.

Original issue discount talk on the incremental term loan is 99.5, the source said.

Commitments are due at noon ET on Monday.

Proceeds will be used to pre-fund the remainder of the CMC Capital buyout, fund cash to balance sheet, and pay respective fees and expenses, the source added.

Creative Artists is a Los Angeles-based entertainment and sports agency.

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