Regal Cinemas cuts term loan pricing by 25 bps

New York, March 10 - Regal Cinemas Corp. has cut pricing on its term loan by 25 basis points, according to an 8-K filing with the Securities and Exchange Commission.

Under the amendment, the rate is now Libor plus 175 basis points instead of Libor plus 200 basis points.

The margin will drop to 150 basis points if consolidated leverage is 3.0 or less.

Credit Suisse is the lead bank on the amendment, which was effective March 9.

Regal Cinemas is a Centennial, Colo.-based theaters circuit.

© 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.