Midwest Veterinary shops amendment to transition term loans to SOFR

By Sara Rosenberg

New York, April 11 – Midwest Veterinary Partners LLC is seeking an amendment to shift its first- and second-lien term loans to SOFR from Libor and add CSA, according to a market source.

The CSA being offered is 10 basis points one-month rate, 15 bps three-month rate and 25 bps six-month rate.

Jefferies LLC is the lead on the deal.

Midwest Veterinary, doing business as Mission Veterinary Partners, is a Southfield, Mich.-based network of general practice animal hospitals.

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