Physiotherapy Associates to launch $175 million facility on Thursday

By Sara Rosenberg

New York, May 5 – Physiotherapy Associates is set to hold a bank meeting on Thursday morning to launch a $175 million credit facility, according to a market source.

GE Capital Markets is the lead on the deal.

The facility consists of a $25 million five-year revolver, a $105 million six-year first-lien term loan and a $45 million seven-year second-lien term loan, the source said.

Proceeds will be used to refinance existing debt.

Physiotherapy Associates is an Exton, Pa.-based provider of outpatient rehabilitation services and orthotics and prosthetics services.

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