DG FastChannel enters $150 million revolver at Libor plus 200 bps

By Jennifer Chiou

New York, May 5 - DG FastChannel Inc. entered into a $150 million revolving credit loan on Monday with JPMorgan Chase Bank, NA as the administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The loan carries a drawn interest rate of Libor plus 200 basis points based on leverage.

According to the credit agreement filed with the SEC, if the consolidated leverage ratio is greater than 1.5 to 1, revolver rates will be Libor plus 275 bps; if greater than 1 to 1 but less than or equal to 1.5 to 1, Libor plus 250 bps; if greater than 0.5 to 1 but less than or equal to 1 to 1, Libor plus 225 bps; and if less than or equal to 0.5 to 1, Libor plus 200 bps.

DG FastChannel is an Irving, Texas-based provider of digital media services to the advertising, entertainment and broadcast industries.

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