Curo Health launches first-lien term loan at Libor plus 525-550 bps

By Sara Rosenberg

New York, Jan. 20 – Curo Health Services launched on Tuesday its $380 million first-lien term loan with price talk of Libor plus 525 basis points to 550 bps with a 1% Libor floor and an original issue discount of 99, according to a market source.

The first-lien term loan has 101 soft call protection for six months, the source said.

The company’s $545 million senior secured credit facility also includes a $45 million revolver and a $120 million second-lien term loan that was privately placed.

Commitments are due on Jan. 29, the source added.

Goldman Sachs Bank USA, Jefferies Finance LLC and SunTrust Robinson Humphrey Inc. are the leads on the deal.

Proceeds will be used to help fund the buyout of the company by Thomas H. Lee.

Curo Health is a Mooresville, N.C.-based provider of home health care and hospice services.

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