Unified Women’s finalizes $420 million loan at Libor plus 425 bps

By Sara Rosenberg

New York, Dec. 17 – Unified Women’s Healthcare, LP firmed pricing on its $420 million senior secured first-lien term loan B (B2/B-) at Libor plus 425 basis points, the low end of the Libor plus 425 bps to 450 bps talk, according to a market source.

As before, the first-lien term loan has a 0.75% Libor floor, an original issue discount of 99 and 101 soft call protection for six months.

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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