Global Healthcare firms $725 million term loan at SOFR plus 475 bps

By Sara Rosenberg

New York, May 4 – Global Healthcare Exchange LLC finalized pricing on its $725 million term loan due June 2027 (B2/B-) at SOFR plus 475 basis points, the low end of the SOFR plus 475 bps to 500 bps talk, according to a market source.

Also, the original issue discount on the term loan was tightened to 97.5 from 97, the source said.

The term loan still has a 0.5% floor and 101 soft call protection for six months.

JPMorgan Chase Bank is the lead on the deal.

Proceeds will be used to extend an existing term loan from June 2024.

Global Healthcare Exchange is a Louisville, Colo.-based provider of cloud-based health care supply chain management technology and services.

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