Panavision to start roadshow Friday for $275 million five-year notes

By Paul A. Harris and Sara Rosenberg

St. Louis, July 24 - Panavision Inc. starts the roadshow Friday for an offering of $275 million senior secured notes due 2008 (B-), according to an informed source.

The deal is expected to price late in the week of July 28, the source added.

Credit Suisse First Boston and Bear Stearns & Co. are joint bookrunners on the Rule 144A offering.

Proceeds from the five-year non-call-three notes will be used to repay debt.

Panavision will also obtain a $20 million three-year revolving credit facility at Libor plus 450 basis points, with a 200 basis points commitment fee. The revolver is via Credit Suisse First Boston and Bear Stearns.

The company is based in Woodland Hills, Calif.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.