Ameritox opts to pull $450 million credit facility from market

By Sara Rosenberg

New York, April 27 - Ameritox Ltd. withdrew its $450 million credit facility (B2/B) from market, according to a source.

J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. were the lead banks on the deal.

The facility consisted of a $425 million seven-year term loan B talked at Libor plus 450 basis points to 475 bps with a 1.25% Libor floor, an original issue discount of 99 and 101 soft call protection for one year, and a $25 million five-year revolver.

Proceeds were going to be used to refinance existing debt and fund a dividend payment.

Ameritox is a Baltimore-based provider of laboratory testing and proprietary methods of analysis.

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