Medex to launch $200 million credit facility April 29

By Sara Rosenberg

New York, April 22 - Medex Inc. is scheduled to launch a $200 million credit facility on April 29, according to a Wachovia Securities, Inc. report. Wachovia and Lehman are the lead banks on the deal.

The loan consists of a $25 million five-year revolver and a $175 million six-year term loan B. Interest rates are to be determined, according to the release.

Proceeds will be used to help fund Medex and One Equity's leveraged buyout by of the Jelco peripheral IV catheter business of Johnson & Johnson.

Medex is a Dublin, Ohio seller of disposable and non-disposable critical care products.

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