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Published on 4/21/2015 in the Prospect News Bank Loan Daily.

Cinemark to launch $684 million term B maturity extension on Wednesday

By Sara Rosenberg

New York, April 21 – Cinemark USA Inc. is scheduled to hold a lender call on Wednesday to launch an extension of its roughly $684.3 million term loan B to a seven-year maturity from the current Dec. 18, 2019 maturity, according to a market source.

Current pricing on the term loan B is Libor plus 300 basis points with no Libor floor, and the debt has a springing net senior secured leverage covenant.

Barclays, Morgan Stanley Senior Funding Inc., Deutsche Bank Securities Inc. and Wells Fargo Securities LLC are the bookrunners on the deal.

Cinemark is a Plano, Texas-based motion picture exhibitor.


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