Univita Health to launch $220 million credit facility on Tuesday

By Sara Rosenberg

New York, May 13 - Univita Health is scheduled to hold a bank meeting on Tuesday to launch a proposed $220 million senior secured credit facility, according to a market source.

Barclays Capital Inc. and Jefferies & Co. Inc. are the lead banks on the deal.

The facility consists of a $20 million five-year revolver and a $200 million six-year term loan, the source said.

Proceeds will be used to repay existing credit facility and mezzanine debt.

Univita is a Scottsdale, Ariz.-based provider of home-based care.

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