MyEyeDr. to launch $1.55 billion credit facilities on Wednesday

By Sara Rosenberg

New York, March 26 – MyEyeDr. (MED ParentCo. LP) is scheduled to hold a lender call at 10 a.m. ET on Wednesday to launch $1,550,625,000 of credit facilities, according to a market source.

Jefferies LLC is the left lead arranger on the deal.

The facilities consist of a $150,625,000 five-year revolver and a $1.4 billion seven-year first-lien term loan, the source said.

The term loan has 101 soft call protection for six months.

Expected facility ratings are B3/B-.

Commitments are due at 3 p.m. ET on April 4, the source added.

Proceeds will be used with new PIK preferred equity to refinance existing debt.

MyEyeDr. is an optometry platform.

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