Virgin Pulse readies launch of $690 million of term loans for Monday

By Sara Rosenberg

New York, March 12 – Virgin Pulse is set to hold a lender call at 3 p.m. ET on Monday to launch $690 million of term loans, according to a market source.

The debt consists of a $505 million first-lien term loan and a $185 million second-lien term loan, the source said.

KKR Capital Markets and JPMorgan Chase Banks are the leads on the deal, with KKR the left lead on the first-lien loan and JPMorgan the left lead on the second-lien loan.

Proceeds will be used to refinance existing debt and fund a dividend.

Virgin Pulse is a digital health, wellbeing and engagement company. It is based in Providence, R.I.

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