Global Eagle Entertainment Inc. announced that it has refinanced its existing credit facilities with a new $500 million senior-secured term-loan facility and a new $85 million senior-secured revolving credit facility. The company will use the proceeds of the new term-loan facility to pay down all of the company’s existing term-loan and revolving-credit facility debt. The new senior secured credit agreement includes a 6-year, $500 million term-loan facility at an interest rate of LIBOR+600 basis points. It also includes a 5-year revolving credit facility initially priced at LIBOR+600 basis points, which increases the company’s revolving borrowing capacity to $85 million from $75.5 million under the previous revolving credit facility. At closing, the company had no borrowings outstanding under its new revolving credit facility.