Regal Cinemas looks to change term loan pricing grid

By Sara Rosenberg

New York, Feb. 28 - Regal Cinemas Corp. has asked lenders under its credit facility to revise the pricing grid contained under its term loan, while leaving the current Libor plus 200 basis point spread intact, according to a market source.

Under the amendment proposal, the company wants term loan pricing to be able to step down to Libor plus 150 bps once the specified leverage test is met as opposed to the existing step down to Libor plus 175 bps, the source said.

Credit Suisse is the lead bank on the deal.

Regal Cinemas is a Centennial, Colo.-based theaters circuit.

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