HealthPort to launch $117 million incremental term loan on Wednesday

By Sara Rosenberg

New York, Sept. 8 – HealthPort Inc. (CT Technologies Intermediate Holdings and Smart Holdings Corp.) is set to hold a lender call at 10:30 a.m. ET on Wednesday to launch a $117 million incremental first-lien term loan due December 2021, according to a market source.

Credit Suisse Securities (USA) LLC, SunTrust Robinson Humphrey Inc. and Jefferies Finance LLC are the leads on the deal.

Pricing on the incremental term loan is Libor plus 425 basis points with a 1% Libor floor, in line with existing first-lien term loan pricing, the source said.

Original issue discount talk on the incremental term loan is 99.5, the source continued.

Like the existing loan, the incremental term loan has 101 soft call protection through Jan. 1, 2016.

Commitments are due on Sept. 16, the source added.

Proceeds will be used to fund the acquisition of Enterprise Consulting Solutions.

HealthPort is an Alpharetta, Ga.-based provider of medical information access management and compliance services to health care organizations.

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