All3Media revises commitment deadline for €500 million term loan B

By Sara Rosenberg

New York, April 10 – All3Media (Gold Rush Bidco Ltd.) accelerated the commitment deadline for its €500 million (£430 million equivalent) seven-year euro term loan B to 5 a.m. ET on Friday from noon ET on Monday, according to a market source.

Talk on the term loan is Euribor plus 425 basis points to 450 bps with an original issue discount of 99 and 101 soft call protection for six months.

JPMorgan Chase Bank is the sole physical bookrunner and the administrative agent on the deal. Santander is a joint bookrunner.

Proceeds will be used to help fund the acquisition of the company by RedBird IMI, a joint venture between RedBird Capital Partners and International Media Investments, from Warner Bros. Discovery Inc. and Liberty Global Ltd. for £1.15 billion.

All3Media is a London-based television production and distribution company.

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