Discovery firms $500 million term loan C pricing at Libor plus 325 bps

By Sara Rosenberg

New York, May 12 - Discovery Communications Holding LLC finalized pricing on its $500 million term loan C at Libor plus 325 basis points, the low end of original guidance that was Libor plus 325 bps to 350 bps, according to a market source.

The 2% Libor floor and original issue discount of 98 were left unchanged since launch.

Bank of America and JPMorgan are the lead banks on the deal that will be used for general corporate purposes, with Bank of America the left lead.

Discovery Communications is a Silver Spring, Md.-based nonfiction media company.

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