Herschend firms $464 million term loan B at SOFR plus 300 bps

By Sara Rosenberg

New York, Jan. 25 – Herschend Family Entertainment finalized pricing on its $464 million term loan B due August 2028 at SOFR plus 300 basis points, the low end of the SOFR plus 300 bps to 325 bps talk, according to a market source.

The term loan still has a 0.5% floor, no CSA, a par issue price, 101 soft call protection for six months and amortization of 1% per annum.

Goldman Sachs Bank USA is the left lead arranger on the deal.

Proceeds will be used to reprice an existing term loan B down from SOFR+ARRC CSA plus 375 bps with a 0.5% floor.

Herschend is a Peachtree Corners, Ga.-based themed-entertainment company that operates theme parks, tourist attractions and resorts.

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