Village Roadshow Films completes $775 million credit facility

By Sara Rosenberg

New York, Oct. 30 – Village Roadshow Films (BVI) Ltd. closed on Friday on a $775 million credit facility, according to a market source.

Rabobank and J.P. Morgan Securities LLC were the joint lead arrangers and joint bookrunners on the deal. MUFG Union Bank, SunTrust Robinson Humphrey Inc. and DBS Bank were co-documentation agents.

The facility consists of a $675 million revolver priced at Libor plus 300 basis points and a $100 million 5.5-year last-out term loan priced at Libor plus 600 bps with a 1% Libor floor, the source said.

During syndication, pricing on the revolver was reduced from Libor plus 325 bps, and the term loan was upsized from $75 million.

Proceeds were used to refinance existing debt.

Village Roadshow is an Australian-based media company.

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