Global Healthcare revises $100 million term loan OID to 99.27

By Sara Rosenberg

New York, May 20 – Global Healthcare Exchange LLC tightened the original issue discount on its fungible $100 million incremental first-lien term loan to 99.27 from 98.5, according to a market source.

Pricing on the incremental term loan is Libor plus 325 basis points with a 1% Libor floor.

JPMorgan Chase Bank is the lead on the deal.

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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