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Rovi Said to Seek Up to $800 Million in Refinancing Loans

March 6 (Bloomberg) -- Rovi Corp., a provider of digital entertainment guides and licensing, is seeking as much as $800 million in loans to refinance debt, according to a person with knowledge of the matter.

JPMorgan Chase & Co. is leading the transaction and will host a lender call at 2 p.m. on March 8 in New York, said the person, who declined to be identified because the deal is private.

Rovi, based in Santa Clara, California, is seeking a $200 million to $250 million term loan A that will be an add-on to an existing loan and a new $500 million to $550 million term loan B, the person said.

Rovi’s $300 million term loan B matures in February 2018 and its $450 million term loan A comes due in February 2016, according to data compiled by Bloomberg.

A term loan B is sold mainly to non-bank lenders such as collateralized loan obligations, bank-loan mutual funds and hedge funds. A term loan A is sold mainly to banks.

To contact the reporter on this story: Krista Giovacco in New York at kgiovacco1@bloomberg.net.

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net.

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