ConvaTec Healthcare to launch $1.1 billion credit facility Wednesday

By Sara Rosenberg

New York, Nov. 29 - ConvaTec Healthcare is set to hold a bank meeting on Wednesday to launch its proposed $1.1 billion credit facility, according to a market source.

JPMorgan and Goldman Sachs are the lead banks on the deal.

The facility, which is available in dollars and euros, consists of a $250 million five-year revolver and an $850 million six-year term loan B, the source said.

Proceeds, along with new notes, will be used to refinance substantially all of the company's debt under its existing senior secured and mezzanine facilities.

ConvaTec is a Skillman, N.J.-based developer, manufacturer and marketer of medical technologies for community and hospital care.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.