HCA launches $1.48 billion term loan at Libor plus 175 bps

By Sara Rosenberg

New York, Sept. 26 – HCA Inc. launched on Thursday a $1,478,000,000 term loan that is talked at Libor plus 175 basis points with an original issue discount of 99.875 to par, according to a market source.

BofA Securities Inc. is the lead bank on the deal.

Commitments are due on Oct. 3, the source said.

Proceeds will be used to reprice a term loan B-10 down from Libor plus 200 bps.

HCA is a Nashville, Tenn.-based health care services provider.

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