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Acelity to retire remaining term E-1 loans due 2018 via notes add-on
By Susanna Moon
Chicago, June 17 – Acelity LP Inc. said it plans to repay the rest of the non-extended term loan borrowings under its senior dollar term E-1 credit facility due May 4, 2018 using proceeds of a new notes add-on.
Acelity’s wholly owned subsidiaries Kinetic Concepts, Inc. and KCI USA, Inc. plan to price $190 million principal amount of 7 7/8% first-lien senior secured notes due 2021. The notes will be issued as a tack-on to the $400 million of 7 7/8% first-lien senior secured notes due 2021 issued on Feb. 9, according to a company announcement.
Acelity is a San Antonio, Texas-based advanced wound care and regenerative medicine company.
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