Medical Solutions to launch $1.2 billion of term loans Thursday

By Sara Rosenberg

New York, Sept. 21 – Medical Solutions will hold a lender call at 11 a.m. ET on Thursday to launch $1.2 billion of first-lien term loans, according to a market source.

UBS Investment Bank, Jefferies LLC, Goldman Sachs Bank USA, Wells Fargo Securities LLC, MUFG, Citizens Bank, KeyBanc Capital Markets, TD Securities (USA) LLC and SMBC are the arrangers on the deal.

The debt consists of a $1 billion first-lien term loan and a $200 million delayed-draw term loan, the source said.

The company is also getting a $320 million privately placed second-lien term loan.

Proceeds will be used to help fund the buyout of the company by Centerbridge Partners LP and Caisse de depot et placement du Quebec from TPG Growth.

Closing is expected in the fourth quarter, subject to customary conditions and approvals.

Medical Solutions is an Omaha-based provider of total workforce solutions in the health care industry.

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