JPM Cuts Mafco

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JPM Cuts Mafco

JPMorgan has cut pricing on deal for Mafco Worldwide.

JPMorgan has cut pricing on deal for Mafco Worldwide. The six-year, $100 million term loan was cut 25 bps to LIBOR plus 2%. The $15 million, five-year term loan remained at LIBOR plus 2 1/4%. The reason for the price cut was due to strong demand and oversubscription of the deal, according to a spokesman at JPMorgan. Calls to Mafco were unreturned.

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