Truven to repay revolver borrowings with funds from notes offering

By Marisa Wong

Madison, Wis., Nov. 6 – Truven Health Analytics Inc. said it plans to repay borrowings under its revolving credit facility using proceeds from an offering of 10 5/8% senior notes due 2020.

Borrowings under the revolver were used to finance Truven’s acquisition of Joan Wellman and Associates, Inc., according to a press release.

Proceeds from the notes offering will also be used to finance the company’s acquisition of Heartbeat Experts.

Based in Ann Arbor, Mich., Truven provides health care data, analytics, expertise and advisory services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.