Blockbuster’s new bank deal broke last week at the 100-100 1/4 context and then traded right around par, a trader said. The $550 million “B” loan is priced at LIBOR 2 1/2% and is led by Citibank and J.P. Morgan. Entravision Communications Corp.’s $250 million “B” loan was expected to break Friday, as LMW went to press. The deal is lead by Goldman Sachs and Union Bank of California. Entravision’s “B” is priced at LIBOR plus 1 3/4%. Officials at Blockbuster and Entravision did not return calls.
Blockbuster, Entravision Ready For Secondary