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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
PNC Leads $285MM in Credit Facilities for Funko
Thursday, September 13, 2018
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Lenders/Participants
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PNC Bank [Lender]
PNC Capital Markets [Lender]
JPMorgan Chase Bank [Joint Lead Arranger, Syndication Agent]
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Structure
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$50Mm Revolver; $235MM Term Loan
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Amount
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$285.000
Million
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Borrower(s)
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Funko, Inc.
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Description
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Company announced that certain of its subsidiaries entered into a commitment letter on September 7, 2018 with PNC Bank, National Association and PNC Capital Markets LLC for new senior secured credit facilities. Additionally, JPMorgan Chase Bank, N.A. will serve in Joint Lead Arranger and Syndication Agent capacities for the Credit Facilities. Under the terms of the commitment letter, the Credit Facilities total $285 million (consisting of a revolving credit facility of $50 million and a term loan of $235 million) and have a maturity of five years from the closing date of the Credit Facilities. Borrowings under the Credit Facilities are anticipated to initially accrue interest at a rate per year equal to, at the Company's option, either (i) LIBOR plus an applicable margin of 3.25%, or (ii) Base Rate plus an applicable margin of 2.25%.
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Industry
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Consumer Products
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| Related Tags |
JPMorgan Chase, PNC Bank, PNC Capital Markets
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ABL Advisor
Deal Tables
2024
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