US Radiology to launch $450 million term loan, repricing on Tuesday

By Sara Rosenberg

New York, Nov. 24 – US Radiology Specialists Inc. will hold a lender call at 12:30 p.m. ET on Tuesday to launch a fungible $450 million incremental first-lien term loan and a repricing of its existing roughly $784 million first-lien term loan due Dec. 15, 2027, according to a market source.

Barclays, Capital One, Deutsche Bank Securities Inc. and Fifth Third are the bookrunners on the deal.

The term loan debt will include 101 soft call protection for six months and amortization of 1% per annum, the source said.

Proceeds from the incremental term loan will be used to fund the acquisition of Alpine and repay revolving credit facility borrowings.

US Radiology is a Raleigh, N.C.-based radiology group.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.