Cast & Crew shops amendment to shift term loan debt to SOFR

By Sara Rosenberg

New York, June 14 – Cast & Crew is seeking a negative consent amendment to transition its term loan debt to SOFR from Libor and add a credit spread adjustment, according to a market source.

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

RBC Capital Markets is the agent on the deal.

Cast & Crew is a Burbank, Calif.-based provider of software and services to the entertainment production industry.

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