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(Company corrects borrower name in first paragraph, term loan B maturity in second paragraph of story that ran yesterday.)
June 7 (Bloomberg) -- AMC Networks Inc., the owner and operator of cable television programming networks, is seeking $2.23 billion in bank loans to back its spinoff from Cablevision Systems Corp., according to two people with knowledge of the matter.
The JPMorgan Chase & Co.-led transaction includes a $500 million, five-year revolving line of credit, a $1.16 billion, six year term loan A and a $565 million, 7.5-year term loan B, said the people, who declined to be identified because the terms are private.
The New York-based company will meet with lenders June 9 at 1 p.m. in New York, one of the people said.
--Editors: Chapin Wright, Mitchell Martin
AMCXV US <EQUITY> CN CVC US <EQUITY> CN
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