National Cinemedia Closes Facility Refi
National CineMedia, LLC (NCM) and National CineMedia, Inc. announced NCM closed on an amended senior secured credit facility. The amended senior secured credit facility increases NCM’s borrowings under its term loans from $265 million to $270 million in order to pay costs and expenses incurred with the amended credit facility and for general corporate purposes.
The new term loan pricing decreased by 50 basis points to the LIBOR index plus 2.75%. In addition, the amended senior secured credit facility reduces the applicable margin on $110 million of NCM LLC’s revolving credit facility by 25 basis points to the LIBOR index plus 2.00%.
NCM operates NCM Media Networks, an integrated media company reaching U.S. consumers in movie theaters, online and through mobile technology.
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