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Global Healthcare lifts term loan B to $746 million, revises pricing
By Sara Rosenberg
New York, Feb. 14 – Global Healthcare Exchange LLC upsized its term loan B due June 2027 to $746 million from $721 million and reduced pricing to SOFR plus 400 basis points from SOFR plus 425 bps, according to a market source.
In addition, the original issue discount on the term loan was set at 99.875, the midpoint of the 99.75 to par talk, the source said.
As before, the term loan 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 reprice an existing term loan B down from SOFR plus 475 bps with a 0.5% floor and, due to the upsizing, for general corporate purposes.
Global Healthcare Exchange is a Louisville, Colo.-based provider of cloud-based health care supply chain management technology and services.
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