Air Medical prices $1.92 billion term loan repricing atop talk

By Paul A. Harris

Portland, Ore., Feb. 28 – Air Medical Group Holdings Inc. completed repricing of a $1,918,121,662 senior secured term loan B due April 28, 2022 (B1/B) with a 325 basis points spread to Libor atop a 1% Libor floor at par, according to a market source.

The deal came on top of talk.

The loan features six months of soft call protection at 101 and amortizes at 1% annually.

Morgan Stanley Senior Funding Inc. and KKR Capital Markets LLC are the joint lead arrangers and bookrunners on the deal. Morgan Stanley is the administrative agent.

Air Medical is a Dallas-based provider of air and ground ambulance programs.

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