Lantheus Medical Imaging to launch $274 million term loan Wednesday

By Sara Rosenberg

New York, Nov. 14 – Lantheus Medical Imaging Inc. is scheduled to hold a lender call at 11:30 a.m. ET on Wednesday to launch a $274 million term loan (B+), according to a market source.

Citizens Bank and Wells Fargo Securities LLC are the leads on the deal. J.P. Morgan Securities LLC is the administrative agent.

Proceeds will be used to reprice an existing term loan from Libor plus 450 basis points with a 1% Libor floor.

Lantheus Medical is a North Billerica, Mass.-based developer, manufacturer, seller and distributor of diagnostic imaging agents.

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