MyEyeDr. launches $1.4 billion term loan at SOFR plus 425 bps

By Sara Rosenberg

New York, March 27 – MyEyeDr. (MED ParentCo. LP) launched on Wednesday its $1.4 billion seven-year first-lien term loan with price talk of SOFR plus 425 basis points with a 25 bps leverage-based step-down, a 0% floor and an original issue discount of 99, according to a market source.

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

The company’s $1,550,625,000 of credit facilities (B3/B-) also include a $150,625,000 five-year revolver.

Jefferies LLC is the left lead arranger on the deal.

Commitments are due at 3 p.m. ET on April 4.

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

MyEyeDr. is an optometry platform.

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