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National CineMedia to Refinance Senior Secured Credit Facility

April 22, 2013, 07:15 AM
Filed Under: Entertainment

National CineMedia, LLC. and National CineMedia, Inc. announced that NCM LLC has launched a repricing of its $265 million term loan and $110 million of its revolving credit facility to lower the applicable margins on both of those credit facilities. The new $270 million term loan facility would replace the entire outstanding term loan at lower interest rates. Upon completion of the proposed transaction, and payment of costs and expenses incurred therewith, NCM LLC intends to use any excess proceeds for general corporate purposes. There can be no assurance that the transactions will be completed.

NCM operates NCM Media Networks, a leading integrated media company reaching U.S. consumers in movie theaters, online and through mobile technology. The NCM Cinema Network and NCM Fathom present cinema advertising and events across the nation's largest digital in-theater network, comprised of theaters owned by AMC Entertainment Inc., Cinemark Holdings, Regal Entertainment Group and other leading regional theater circuits.

Previously on ABL Advisor.

National CineMedia Refinances Senior Secured Credit Facility

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