Citicorp Securities Inc has arranged a $1.25bn refinancing for Fox Kids Worldwide Inc. The loan is split into a seven year $602m reducing revolver, a $298m seven year reducing revolver and a nine year $350m term loan. Pricing is based on the company's leverage ratio. The Prime margin range for the revolvers is Prime flat to 125bp, the Libor margin range is 50bp to 225bp and the commitment fee range is 20bp to 50bp. The Prime margin range for the term loan is Prime flat to 175bp and the Libor margin range is 100bp to 275bp.
September 19, 1997