nThrive TSG readies launch of $440 million term loan B for Tuesday

By Sara Rosenberg

New York, Jan. 4 – nThrive TSG (MedAssets Software Intermediate Holdings Inc.) is scheduled to hold a lender call at 2 p.m. ET on Tuesday to launch a $440 million seven-year covenant-lite first-lien term loan B, according to a market source.

Deutsche Bank Securities Inc., UBS Investment Bank, BMO Capital Markets, Jefferies LLC, Antares Capital, BNP Paribas Securities Corp. and Golub Capital are the bookrunners on the deal.

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

Commitments are due on Jan. 19.

The company is also getting a $160 million second-lien term loan that is being privately placed.

Proceeds will be used to help fund the buyout of the company by Clearlake Capital Group LP from nThrive Holdings LP.

nThrive TSG is a provider of health care revenue cycle management software-as-a-service solutions.

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