Panavision seeks $30 million term loan B add-on

By Sara Rosenberg

New York, Sept. 26 - Panavision Inc. is in market with a $30 million term loan B add-on, according to a syndicate document.

Credit Suisse is the lead bank on the deal.

The tack-on is priced with an interest rate of Libor plus 300 basis points, the document said.

Proceeds from the deal, which launched with a conference call on Sept. 21, will be used for acquisition financing.

Panavision is a Woodland Hills, Calif., designer, manufacturer and supplier of precision camera systems for the motion picture and television industries.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.