Cinemark reverse flexes $1.12 billion term loan pricing to 200 bps from 225 bps

By Paul A. Harris

St. Louis, Sept. 22 - Cinemark USA Inc. reverse flexed pricing on its $1.12 billion term loan to Libor plus 200 basis points from Libor plus 225 basis points, according to a market source.

The $1.27 billion credit facility (Ba2/B) also contains a $150 million revolver at Libor plus 225 basis points.

Lehman Brothers and Morgan Stanley are leading the deal for the Plano, Texas-based motion picture distributor, which will use the proceeds to fund its acquisition of San Rafael, Calif.-based Century Theatres, Inc.

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