Daily News: December 12, 2017

JPMorgan Agents $925MM Facility for Lionsgate

Lionsgate Entertainment closed a $900 million term loan and a $25 million revolving credit facility with JPMorgan as administrative agent.

According to a related 8-K filing, in connection with the transaction, the company prepaid in full its existing term B loans.

The term B-1 loans bear interest, at the company’s option, at LIBOR + 2.25% per annum with a LIBOR floor of 0.75% or at a base rate plus 1.25% per annum. In each case, the applicable margin under the term B-1 loans is 0.75% per annum less than the applicable margin under the term B loans prior to the amendment. No further regular amortization is required with respect to the loans.