PSAV talks $980 million term loan at Libor plus 350-375 bps, 99.5

By Paul A. Harris

Portland, Ore., April 13 – PSAV (AVSC Holding Corp.) talked its $980 million seven-year term loan B with a 350 to 375 basis points spread to Libor atop a 1% Libor floor at 99.5, according to a market source.

The deal comes with six months of call protection at 101.

Commitments are due on April 21.

Goldman Sachs & Co is the left bookrunner. Morgan Stanley, JPMorgan, Barclays and Macquarie are joint bookrunners.

The Long Beach, Calif.-based event technology provider plans to use the proceeds to refinance its capital structure.

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