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DNEG plans to price $375 million secured notes due 2025 on Friday; initial talk 8¼%-8½%
By Paul A. Harris
Portland, Ore., Sept. 29 – Prime Focus World NV (DNEG plc) plans to price a $375 million private offering of senior secured notes due 2025 (//BB-) on Friday, according to market sources.
Initial price guidance is 8¼% to 8½%, a trader said.
JPMorgan is leading the sale.
The London-based motion picture effects company plans to use the proceeds to repay amounts outstanding under its term loan, revolver and Indian financing facilities, to extend a loan to its parent group of companies and for general corporate purposes.
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