Global Healthcare launches $721 million term B at SOFR plus 425 bps

By Sara Rosenberg

New York, Feb. 6 – Global Healthcare Exchange LLC held a lender call at 11 a.m. ET on Tuesday to launch a $721 million term loan B due June 2027 that is talked at SOFR plus 425 basis points with a 0.5% floor and an original issue discount of 99.75 to par, according to a market source.

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

JPMorgan Chase Bank is the lead on the deal.

Commitments are due at 5 p.m. ET on Feb. 13, the source added.

Proceeds will be used to reprice an existing term loan B down from SOFR plus 475 bps with a 0.5% floor.

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

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