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Vanguard seeks $200 million add-on term loan at Libor plus 300-325 bps
By Sara Rosenberg
New York, March 6 - Vanguard Health Systems is in market with a $200 million incremental term loan that is talked at Libor plus 300 basis points to 325 bps with a 1% Libor floor and an original issue discount of 993/4, according to a market source.
BofA Merrill Lynch and Barclays are the lead banks on the deal that launched with a call on Tuesday.
Proceeds will be used to fund capital expenditures, the source added.
Vanguard Health is a Nashville, Tenn.-based operator of regionally focused integrated health care delivery networks.
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