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Greenway Health firms $526 million term loan at Libor plus 375 bps
By Sara Rosenberg
New York, May 3 – Greenway Health LLC finalized pricing on its $526 million first-lien term loan at Libor plus 375 basis points, the high end of the Libor plus 350 bps to 375 bps talk, according to a market source.
The term loan still has a 1% Libor floor, a par issue price and 101 soft call protection for six months.
Jefferies LLC is the lead on the deal.
Proceeds will be used to reprice an existing term loan down from Libor plus 425 bps with a 1% Libor floor.
Greenway Health is a Carrollton, Ga.-based provider of clinical, financial, connectivity and information software products and services to physician practices.
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