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Canada's Anthem Entertainment ups spending power by $550m with new credit facility


Music Business Worldwide
March 2, 2021
Anthem Entertainment has a lot more money at its disposal.
The acquisitive Canadian music rights and services company – formerly known as Olé Entertainment – has announced that it has secured a new revolving credit facility of USD $400 million, plus a USD $150 million accordion. (An accordion allows a borrower to incrementally increase the amount of its availability under an existing credit facility.)
In addition, the Ontario Teachers’ Pension Plan has pumped an additional undisclosed amount of money into Anthem, taking a bigger equity stake in the business as a result.
A media release said that the Pension Plan had done so to “facilitate the business’s strategy for continued growth”. ....

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STAG Industrial Increases Unsecured Credit Facility Capacity And Refinances Term Loan


STAG Industrial Increases Unsecured Credit Facility Capacity And Refinances Term Loan
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BOSTON, Feb. 8, 2021 /PRNewswire/  STAG Industrial, Inc. (the Company ) (NYSE:STAG) today announced that it has increased the capacity of the Company s unsecured credit facility to $750 million and refinanced $300 million of term loan debt.
The Company exercised the accordion option of its unsecured credit facility capacity and increased its borrowing capacity from $500 million to $750 million with no change to pricing, maturity, and terms. The transaction included a reduction in the LIBOR floor from 25 basis points to zero basis points.
In addition, the Company refinanced the $300 million unsecured term loan G, which was previously set to mature in April 2021, before extension options. The refinanced term loan bears a current interest rate of LIBOR plus a spread of 1.00%, a 50 basis point spread reduction from th ....

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