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Iasis seeks $1 billion term loan B repricing at Libor plus 300-325 bps
By Sara Rosenberg
New York, Feb. 11 - Iasis Healthcare LLC is talking the repricing of its roughly $1 billion term loan B at Libor plus 300 basis points to 325 bps with a 1.25% Libor floor and a par offer price, according to a market source.
The repriced loan has 101 soft call protection for six months, the source said.
With the repricing, the company will take the term loan down from Libor plus 375 bps with a 1.25% Libor floor.
BofA Merrill Lynch is leading the deal.
Iasis is a Franklin, Tenn.-based owner and operator of medium-sized acute care hospitals.
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