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Vanguard Health $550 million credit facility to launch Tuesday
By Sara Rosenberg
New York, April 21 - Vanguard Health Systems Inc. is scheduled to hold a bank meeting on Tuesday for its proposed $550 million credit facility (B+), according to a market source. Bank of America and Citigroup are the lead banks on the deal.
The facility consists of a $250 million revolver due 2009 and a $300 million term loan due 2011, a company spokesman previously told Prospect News.
Vanguard is a Nashville, Tenn., owner and operator of acute care hospitals and related health care services.
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