By Paul A. Harris
Portland, Ore., June 14 – Entertainment One Ltd. priced a £425 million issue of seven-year senior secured notes (B1) at par to yield 4 5/8% on Friday, according to a market source.
Initial price talk had been 5% to 5½%.
Global coordinators JPMorgan will bill and deliver. BNP Paribas was also a global coordinator.
Passive bookrunners were BofA Securities Inc., Barclays, Goldman Sachs, RBC and Wells Fargo.
The proceeds will be used for refinancing its 6 7/8% senior secured notes due 2022 and term loan facility.
The international entertainment group is based in Toronto.
| Issuer: | Entertainment One Ltd.
|
| Amount: | £425 million
|
| Tenor: | Seven years
|
| Securities: | Senior secured notes
|
| Global coordinators: | JPMorgan (bill and deliver) and BNP Paribas
|
| Passive bookrunners: | BofA Securities, Barclays, Goldman Sachs, RBC and Wells Fargo
|
| Coupon: | 4 5/8%
|
| Price: | Par
|
| Yield: | 4 5/8%
|
| Call protection: | Three years
|
| Trade date: | June 14
|
| Settlement date: | June 25
|
| Rating: | Moody's: B1
|
| Distribution: | Rule 144A and Regulation S
|
| Marketing: | Roadshow
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
