AMN Healthcare launches $200 million term loan B at OID of 98½

By Sara Rosenberg

New York, March 15 - AMN Healthcare Services Inc. launched its $200 million six-year term loan B on Thursday with an original issue discount of 981/2, according to a market source.

Price talk on the loan is Libor plus 500 basis points with a 1.25% Libor floor, the source said.

Prior to launch, early guidance had been in the Libor plus 500 bps area with a 1.25% to 1.5% floor.

The term loan B has 101 soft call protection for one year, the source added.

The company's $250 million credit facility also includes a $50 million five-year revolver.

Commitments are due on March 29.

SunTrust Robinson Humphrey Inc. and GE Capital Markets are the lead banks on the deal.

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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