AMC sets talk on $500 million new loan and $876 million repricing

By Paul A. Harris

Portland, Ore., Oct. 24 – AMC Entertainment Holdings Inc. set price talk on $1,376,000,000 of term loan debt on Monday, according to a market source.

A new $500 million term loan B due 2023 is talked at Libor plus 275 basis points atop a 0.75% Libor floor at 99.5. Proceeds will be used to help fund the acquisitions of Odeon & UCI Cinemas Holdings Ltd. and Carmike Cinemas Inc. and to repay some debt of Odeon & UCI.

An $876 million repricing of the term loan due Dec. 15, 2022 is talked at Libor plus 275 bps atop a 0.75% Libor floor at par.

Both tranches feature 101 soft call protection for six months and 1% annual amortization.

Commitments for accounts rolling into the new paper are due at 5 p.m. Thursday. Commitments from new money accounts are due at 5 p.m. ET Friday.

Citigroup Global Markets Inc. is the left bookrunner and administrative agent. Barclays, BofA Merrill Lynch, Credit Suisse and HSBC are the joint bookrunners.

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

© 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.