Kindred Healthcare talks $100 million incremental term B at 97-97½ OID

By Sara Rosenberg

New York, Sept. 14 - Kindred Healthcare Inc. launched with a call on Friday its $100 million incremental term loan B due June 1, 2018 at an original issue discount of 97 to 971/2, according to a market source.

Pricing on the loan is Libor plus 375 basis points with a 1.5% Libor floor, in line with existing term loan pricing.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to refinance borrowings under the company's existing ABL facility.

Kindred Healthcare is a Louisville, Ky.-based healthcare services company.

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