National CineMedia gets lender approval for credit facility amendment

By Sara Rosenberg

New York, June 16 - National CineMedia Inc.'s credit facility amendment passed, allowing for the sale of senior notes to pay down bank debt, according to a market source.

In addition, the amendment permits the company to establish a new, larger revolver due in December 2014 to replace its current $80 million revolver due in February 2013.

Barclays Capital Inc. is the lead bank on the amendment.

Lenders are getting a 25 bps amendment fee.

National CineMedia is a Centennial, Colo., media company providing advertising and events across theater circuits.

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