Global Healthcare to launch add-on term loan, repricing on Tuesday

By Sara Rosenberg

New York, June 6 – Global Healthcare Exchange LLC is set to hold a lender call on Tuesday to launch a $43 million add-on term loan and a repricing of its existing $373 million term loan, both talked at Libor plus 425 basis points with a 1% Libor floor, according to a market source.

The add-on term loan is talked with an original issue discount of 99.75, and the repricing is offered at par, the source said.

All of the term loan debt will get 101 soft call protection for six months.

SunTrust Robinson Humphrey Inc. is the lead on the deal.

Proceeds from the add-on will be used to fund an acquisition, and the repricing will take the existing term loan down from Libor plus 450 bps with a 1% Libor floor.

Global Healthcare Exchange is a Louisville, Colo.-based provider of health care supply chain solutions.

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