National CineMedia LLC, a cinema advertising company, entered into a new $50 million revolving credit facility, with the entire amount drawn on Jan. 5. According to an 8K filed with the SEC, WSFS Bank is the administrative agent for the facility.
National CineMedia completed a credit agreement that included a $270 million term loan and a $175 revolving credit facility with JPMorgan as administrative agent.
National CineMedia closed on an amended senior secured credit facility, increasing its borrowings to $270 million in order to pay costs and expenses incurred with the amended credit facility.
National CineMedia LLC and National CineMedia, Inc. announced that NCM LLC has launched a re-pricing of its $265 million term loan and $110 million of its revolving credit facility to lower the margins on both credit facilities.