PNC, JPMorgan Chase Provide $285MM Facilities to Funko

Funko entered into a commitment letter with PNC for a $285 million credit facility consisting of a $50 million revolver and a $235 million term loan. JPMorgan will serve as joint lead arranger and syndication agent for the facilities.

PNC Agents $20MM Upsize for Funko

Funko amended its current credit facility to reduce the interest rates on the company’s term loan A and revolving credit facility by 75 basis points and increased the borrowing base under the revolving credit facility by $20 million.