Vue places €114 million secured term loan for Cinestar acquisition

By Sarah Lizee

Olympia, Wash., Dec. 24 – Vue International said it placed on Dec. 21 a €114 million senior secured term loan facility for the purpose of funding its acquisition of Cinestar.

The facility matures in July 2023 and ranks pari passu with Vue’s existing senior secured debt, according to a notice.

Borrowings bear interest at a variable margin of Euribor plus 525 basis points. There is a 0% Euribor floor.

Other terms remain substantially similar to Vue's existing €120 million term loan due July 2023, the company said.

The facility will be drawn at completion of the Cinestar acquisition.

Vue is an entertainment services provider based in London.

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