Credit Suisse First Boston launched repricings last week for Regal Cinemas and Roseburg Forest Products. The Regal refinancing will take the $1.592 billion "B" loan to LIBOR plus 1 3/4%, while Roseburg's $300 million "B" loan will go down to LIBOR plus 1 1/2%. Regal's "B" loan was priced at LIBOR plus 2 3/4% following a recap earlier this year (LMW, 5/3). The company then returned to market over the summer to cut the spread to LIBOR plus 2 1/4%. Roseburg put the $300 million "B" loan in place earlier this year as a part of a refinancing (2/2). During syndication the spread on the "B" loan was flexed down from LIBOR plus 2 1/4% to LIBOR plus 2%. CSFB bankers declined comment.
CSFB Reprices Regal Cinemas, Roseburg Forest