AMC Entertainment firms $881 million term loan B discount at 99.5

By Sara Rosenberg

New York, Dec. 10 – AMC Entertainment Inc. finalized the original issue discount on its $881 million seven-year senior secured term loan B (Ba1/BB/BB+) at 99.5, the tight end of the 99 to 99.5 talk, according to a market source.

As before, the term loan is priced at Libor plus 325 basis points with a 0.75% Libor floor and has 101 soft call protection for six months and amortization of 1% per annum.

Citigroup Global Markets Inc., Bank of America Merrill Lynch, Barclays, HSBC Securities (USA) Inc. and Credit Suisse Securities (USA) LLC are the joint lead arrangers on the deal.

Proceeds will be used to refinance an existing term loan and for general corporate purposes.

Closing is targeted for Friday.

AMC is a Leawood, Kan.-based movie exhibitor.

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