Kindred Healthcare firms $787.5 million term B at Libor plus 325 bps

By Sara Rosenberg

New York, May 23 - Kindred Healthcare Inc. finalized pricing on its $787.5 million term loan B due June 2018 at Libor plus 325 basis points, the tight end of the Libor plus 325 bps to 350 bps talk, according to a market source.

As before, the loan has a 1% Libor floor, a par offer price and 101 soft call protection for six months.

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

Proceeds will be used to refinance an existing $687.8 million term loan B due June 2018 and a $99.8 million incremental term loan due June 2018.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.