MJH Life Sciences to launch $650 million term loan B on Monday

By Sara Rosenberg

New York, Jan. 6 – MJH Life Sciences will hold a lender call at 10:30 a.m. ET on Monday to launch a $650 million seven-year term loan B, according to a market source.

BofA Securities Inc. and PNC Bank are the leads on the deal.

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

Proceeds will be used to help fund the acquisition of a majority interest in the company by BDT Capital Partners LLC. The Hennessy Family, who founded the company, will continue to hold a significant minority ownership position.

MJH Life Sciences is a Cranbury, N.J.-based medical media company.

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