Unified Women’s talks $420 million loan at Libor plus 425-450 bps

By Sara Rosenberg

New York, Dec. 4 – Unified Women’s Healthcare LP launched on Friday its $420 million senior secured first-lien term loan B (B-) with price talk of Libor plus 425 basis points to 450 bps with a 0.75% Libor floor and an original issue discount of 99, according to a market source.

The first-lien term loan has 101 soft call protection for six months, the source said.

Commitments are due at 5 p.m. ET on Dec. 17.

The company is also getting a $140 million privately placed second-lien term loan.

Barclays, Credit Suisse Securities (USA) LLC, BofA Securities Inc., RBC Capital Markets, Deutsche Bank Securities Inc. and Antares Capital are the bookrunners on the deal. Barclays is the administrative agent.

Proceeds will be used to help fund the buyout of the company by Altas Partners and Ares Management Corp.

Closing is expected this month, subject to customary conditions and regulatory approvals.

Unified Women’s Healthcare is a Boca Raton, Fla.-based practice management platform in women’s health care.

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