AMC Entertainment launches term loan repricing

By Sara Rosenberg

New York, Feb. 27 - AMC Entertainment Inc. held a conference call on Tuesday to launch a repricing of its term loan, according to a market source.

Citigroup is the left lead bank on the deal.

Under the proposal, the company is looking to take term loan pricing down to Libor plus 175 basis points from Libor plus 200 bps, the source said.

In addition, the company is looking to reduce the revolver commitment fee to 25 bps from 37.5 bps, the source added. Currently, the commitment fee is set at 25 bps based on the grid, so essentially this amendment would take the ability for it to be 37.5 bps out of the credit agreement.

Lenders consents are due next week.

AMC is a Kansas City, Mo., theatrical exhibition company.

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