Emdeon talks $1.29 billion term loan repricing at Libor plus 275 bps

By Sara Rosenberg

New York, April 4 - Emdeon Inc. is talking the repricing of its roughly $1.29 billion term loan at Libor plus 275 basis points with a 1.25% Libor floor and an original issue discount of 99 7/8, according to a market source.

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

With this transaction, the company is taking the term loan pricing down from Libor plus 375 bps with a 1.25% Libor floor.

Bank of America Merrill Lynch, Barclays and Citigroup Global Markets Inc. are the lead banks on the deal.

Commitments are due on April 8, the source added.

Emdeon is a Nashville-based provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers and patients in the U.S. health care system.

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