Main Event launches $200 million term loan at Libor plus 625-650 bps

By Sara Rosenberg

New York, Feb. 4 – Main Event Entertainment launched on Monday its $200 million senior secured term loan with price talk of Libor plus 625 basis points to 650 bps with a 0% Libor floor and an original issue discount of 98, according to a market source.

The term loan has 101 hard call protection for one year, the source said.

UBS Investment Bank is the lead on the deal.

Commitments are due on Feb. 14, the source added.

Proceeds will be used to refinance existing debt.

Main Event Entertainment is a Dallas-based operator of family entertainment centers with locations across the United States.

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