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Revolution Studios $900 million credit facility to launch Thursday
By Sara Rosenberg
New York, Sept. 11 - Revolution Studios LLC is scheduled to hold a bank meeting on Thursday to launch its proposed $900 million credit facility, according to a market source.
JPMorgan is the lead bank on the deal.
The facility consists of a $150 million revolver talked at Libor plus 250 basis points, a $150 million term loan A talked at Libor plus 250 bps and a $600 million term loan B talked at Libor plus 300 bps, the source said.
Proceeds will be used to refinance existing debt and fund a dividend payment to shareholders.
Revolution Studios is a Santa Monica, Calif., producer of motion pictures.
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