Fanatics seeks amendment to transition term loan to SOFR

By Sara Rosenberg

New York, April 20 – Fanatics Commerce is shopping a negative consent amendment to shift its term loan to SOFR and add a credit spread adjustment, according to a market source.

The CSA being offered is ARRC standard of 11.448 basis points one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.

Citigroup Global Markets Inc. is the lead on the deal.

The amendment deadline is 5 p.m. ET on Wednesday, the source added.

Fanatics Commerce is a Jacksonville, Fla.-based designer, manufacturer and distributor of fan gear, jerseys, headwear and hardgoods.

© 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.