AMC Entertainment ups spread on extended term to Libor plus 325 bps

By Sara Rosenberg

New York, Dec. 10 - AMC Entertainment Inc. increased pricing on its proposed extended senior secured term loan to Libor plus 325 basis points from Libor plus 300 bps and added 101 soft call protection for one year, according to a market source.

Pricing on the non-extended debt is Libor plus 150 bps.

As before, the company is looking to extend the term loan debt to December 2016 from January 2013.

Lenders are still being offered a 10 bps consent fee.

Citigroup and Barclays are the lead banks on the transaction.

Commitments/consents are now due on Monday, whereas the original deadline had been for Friday.

In addition, the company is looking to replace its existing revolver with a new five-year revolver with higher interest rates than the existing deal.

AMC Entertainment is a Kansas City, Mo.-based theatrical exhibition and entertainment company.

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