Creative Artists tightens spread, hones talk on $1.55 billion loan

By Paul A. Harris

Portland, Ore., Feb. 16 – Creative Artists Agency LLC tightened price talk on its $1.55 billion term loan B due Nov. 26, 2028 (B2/B), according to a market source.

Spread talk tightened to SOFR plus 350 basis points from SOFR plus 375 bps to 400 bps

The price talk came at 99 to 99.25, rich to earlier price guidance of 99.

The 0% floor remains unchanged.

Commitments were due on Thursday, with allocations to follow later in the day.

The term loan has 101 soft call protection for six months and 0 bps CSA.

BofA Securities Inc. is the left arranger. Mizuho, Credit Suisse, Truist, UBS, TPG and BD are the joint arrangers.

Proceeds will be used to refinance the company’s existing term loan B borrowings due in 2026.

Creative Artists is an entertainment and sports agency based in Los Angeles.

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