Greenway Medical to launch $560 million credit facility on Tuesday

By Sara Rosenberg

New York, Jan. 27 – Greenway Medical is scheduled to hold a bank meeting at noon ET in New York on Tuesday to launch a $560 million credit facility, according to a market source.

Jefferies Finance LLC and SunTrust Robinson Humphrey Inc. are the leads on the deal.

The facility consists of a $30 million five-year revolver and a $530 million seven-year first-lien term loan, the source said.

Proceeds will be used to refinance existing debt.

Greenway Medical is a Carrollton, Ga.-based provider of clinical, financial, administrative and connectivity information solutions to physician practices.

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