Hologic launches $1.17 billion term loan B at Libor plus 225-250 bps

By Sara Rosenberg

New York, Feb. 13 - Hologic Inc. launched on Thursday its $1,171,000,000 term loan B due August 2019 with price talk of Libor plus 225 basis points to 250 bps with a 0.75% Libor floor and a par offer price, according to sources.

The term loan has 101 soft call protection for six months, sources said.

Goldman Sachs Bank USA is the lead bank on the deal.

Proceeds will be used to reprice an existing term loan B due August 2019 from Libor plus 275 bps with a 1% Libor floor.

Secured leverage is 2.2 times, and total leverage is 4.5 times.

Hologic is a Bedford, Mass.-based provider of diagnostics products, medical imaging systems and surgical products.

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