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AMN Healthcare to launch $250 million credit facility on Thursday
By Sara Rosenberg
New York, March 13 - AMN Healthcare Services Inc. is scheduled to hold a bank meeting on Thursday to launch a proposed $250 million credit facility, according to a market source.
SunTrust Robinson Humphrey Inc. and GE Capital Markets are the lead banks on the deal.
The facility consists of a $50 million five-year revolver and a $200 million six-year term loan B, the source said.
Price talk on the B loan is in the Libor plus 500 basis points area with a 1.25% to 1.5% Libor floor and an original issue discount that is still to be determined, the source added.
Proceeds will be used to refinance existing debt.
AMN is a San Diego-based health-care staffing and workforce services company.
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