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Global Healthcare to launch $100 million term loan on Wednesday
By Sara Rosenberg
New York, May 11 – Global Healthcare Exchange LLC is scheduled to hold a lender call at 9:30 a.m. ET on Wednesday to launch a fungible $100 million incremental term loan, according to a market source.
JPMorgan Chase Bank is the lead on the deal.
Pricing on the incremental term loan is Libor plus 325 basis points with a 1% Libor floor.
The incremental term loan is talked with an original issue discount of 98.5, the source said.
Commitments are due at 5 p.m. ET on May 19.
Proceeds will be used with a $260 million privately placed second-lien term loan to redeem preferred equity and refinance an existing second-lien term loan.
Global Healthcare Exchange is a Louisville, Colo.-based provider of cloud-based health care supply chain management technology and services.
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