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WildBrain launches $280 million term loan B at Libor plus 425 bps
By Sara Rosenberg
New York, March 4 – WildBrain launched on Thursday its $280 million seven-year covenant-lite first-lien term loan B with price talk of Libor plus 425 basis points with a 0.75% Libor floor and an original issue discount of 99 to 99.5, according to a market source.
The term loan has 101 soft call protection for six months, the source said.
RBC Capital Markets is the lead on the deal.
Commitments are due at 5 p.m. ET on March 18, the source added.
Proceeds will be used to repay an existing term loan B.
WildBrain is a Canada-based kids’ content company.
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