LifePoint brings back $150 million term loan add-on

By Sara Rosenberg

New York, Aug. 11 - LifePoint Hospitals Inc. brought back its $150 million term loan B add-on (Ba3/BB) with a conference call launch held on Wednesday, according to a market source.

Citigroup is the lead bank on the deal.

LifePoint first came to market with this add-on in June but quickly pulled it that same month.

Like before, the add-on is priced in line with the existing term loan B debt at Libor plus 162.5 basis points, the source said.

The company is getting the incremental bank debt under an accordion feature that is part of the existing credit agreement.

Proceeds will be used for liquidity.

LifePoint Hospitals is a Brentwood, Tenn., hospital company focused on providing health care services in non-urban communities.

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