Daily News: November 27, 2012

Barclays, Others Refinance National CineMedia Facility


National CineMedia, LLC (NCM) and National CineMedia, Inc., announced that NCM closed on an amended and restated senior secured credit facility. The amended and restated seven-year senior secured credit facility increases NCM’s borrowings under its term loans from $225 million to $265 million in order to pay costs and expenses incurred with the amended and restated credit facility, pay-off the interest rate swap arrangements associated with the prior term loans and for general corporate purposes.

The senior secured credit facility was led by a syndicate of financial institutions including Barclays Bank, as sole lead arranger and administrative agent. JPMorgan served as syndication agent. Credit Suisse International, Macquarie Capital and Morgan Stanley Capital Services were co-documentation agents.

Pricing on the new term loans was set at the LIBOR index plus 325 basis points, and the new term loans were issued with a .75% of original issue discount. In addition, the amended and restated senior secured credit facility expands NCM