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United Talent Agency shops $300 million term loan at 99.75 OID
By Sara Rosenberg
New York, April 29 – United Talent Agency is in market with a fungible $300 million add-on term loan B due 2028 that is talked with an original issue discount of 99.75, according to a market source.
Pricing on the term loan is SOFR+CSA plus 400 basis points with a 0.75% floor.
CSA is ARRC standard of 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.
The add-on and existing term loan B are getting 101 soft call protection for six months, the source said.
JPMorgan Chase Bank is the left lead on the deal, which launched with a lender call on April 24.
Commitments are due at 5 p.m. ET on Tuesday, the source added.
Proceeds will be used to fund an acquisition.
United Talent is a Los Angeles-based talent and entertainment company.
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