Endemol to launch roughly €1 billion of term loans week of July 14

By Sara Rosenberg

New York, July 10 – Endemol Holdings NewCo is scheduled to hold a bank meeting at 10 a.m. ET in New York on Tuesday and a bank meeting at 11 a.m. BST in London on Wednesday to launch €1,035,000,000 of term loans, according to a market source.

The loans consist of a €700 million equivalent first-lien term loan split between U.S., euro and GBP debt, and a €335 million equivalent second-lien term loan in U.S. and euro debt, the source said.

Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Credit Suisse and Nomura are the bookrunners on the deal, with Deutsche the left lead on the first-lien term loan and JPMorgan the left lead on the second-lien term loan.

Proceeds will be used to help fund the recapitalization of the company by Apollo Global Management.

Endemol is an Amsterdam-based creator, producer and distributor of multiplatform entertainment.

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