Cast & Crew launches $950 million term loan at SOFR plus 400-425 bps

By Sara Rosenberg

New York, April 18 – Cast & Crew launched on Thursday its $950 million term loan B due December 2028 with price talk of SOFR plus 400 basis points to 425 bps with a 0.5% floor and an original issue discount of 99, according to a market source.

The term loan has 101 soft call protection for six months, no CSA and amortization of 1% per annum, and is co-terminous with the company’s existing $461 million incremental term loan B, the source said.

Goldman Sachs Bank USA is the left lead arranger on the deal.

Commitments are due at 5 p.m. ET on April 29, the source added.

Proceeds will be used to refinance an existing $895 million term loan B and to repay revolving credit facility borrowings.

Cast & Crew is a Burbank, Calif.-based provider of software and services to the entertainment production industry.

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