CKx sets discount price on $200 million first-lien term loan at 78

By Sara Rosenberg

New York, Jan. 31 - CKx Inc. finalized the original issue discount on its $200 million 51/2-year first-lien term loan (B1/B+) at 78 and then freed up for trading, with levels seen at 79½ bid, according to a market source.

As was previously reported, pricing on the loan is a fixed rate of 9%.

The loan is non-callable for 2½ years.

Goldman Sachs & Co. and Macquarie Capital are leading the deal.

Proceeds will be used to help replace the debt financing that was used to fund the buyout of the company by Apollo Global Management last year.

CKx is a New York-based owner of entertainment content.

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