RBmedia finalizes $335 million term loan at Libor plus 450 bps

By Sara Rosenberg

New York, Aug. 10 – RBmedia firmed pricing on its $335 million seven-year first-lien term loan at Libor plus 450 basis points, the low end of the Libor plus 450 bps to 475 bps talk, according to a market source.

The term loan still has a 0% Libor floor, an original issue discount of 99, 101 soft call protection for six months and amortization of 1% per annum.

The company’s $365 million of credit facilities (B3/B-) also include a $30 million revolver.

Goldman Sachs Bank USA, KKR Capital Markets and Morgan Stanley Senior Funding Inc. are the leads on the deal.

Proceeds will be used to help fund the buyout of the company by KKR from Shamrock Capital.

RBmedia is a Landover, Md.-based digital audiobook and related spoken-word content producer.

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