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ConnectiCare launches $115 million credit facility
By Sara Rosenberg
New York, Oct. 2 - ConnectiCare Holdings Inc. launched a $115 million credit facility on Thursday, according to market sources. Bank of America is the lead bank on the deal.
The facility consists of a $100 million term loan B with price talk of Libor plus 375 basis points and a $15 million revolver, sources said.
ConnectiCare, a Carlyle Group company, is a Farmington, Conn. health maintenance organization.
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