Truist Securities served as left lead arranger, Fifth Third Bank acted as joint lead arranger, Union Bank acted as syndication agent and Regions Bank acted as documentation agent on a $400 million revolving credit facility with a $150 million accordion for Anthem Entertainment.
Bank of America, Bank Hapoalim, CIT Bank, First Horizon Bank, HSBC Bank, Pacific Premier Bank, Pinnacle Bank and Scotiabank are also participating in the facility.
In addition to the revolver, Ontario Teachers’ Pension Plan Board increased its equity investment in Anthem Entertainment.
“I am grateful to Ontario Teachers’ for their confidence in our strategy and for their continued support,” Helen Murphy, CEO of Anthem Entertainment, said. “Over the past few years, we have successfully expanded through a strong combination of organic growth and acquisitions, enabling us to further diversify our service offerings and repertoire base, making us more attractive to artists, songwriters, composers and content producers. We believe that with this additional equity investment and our new credit facility we are well positioned to make the most of opportunities across our music publishing, recorded music, production music, and film and television services businesses. We are also thankful to the banks in our syndicate, many of whom have been long-time supporters of Anthem Entertainment throughout our 17-year history.”
In connection with the facility, Anthem Entertainment was represented by Weil, Gotshal & Manges in New York and London, and Osler Hoskin & Harcourt in Toronto. The banks were represented by Alston & Bird in Atlanta and Bennett Jones in Toronto.