MediMedia $250 million credit facility launch now set for Tuesday

By Sara Rosenberg

New York, Oct. 13 - MediMedia's proposed $250 million credit facility is now slated to launch with a bank meeting on Tuesday at 10 a.m. ET, as opposed to the previously expected Thursday timing, according to a market source.

Goldman Sachs and Credit Suisse are the lead banks on the deal, with Goldman the left lead.

The credit facility consists of a $200 million term loan B and a $50 million revolver that is expected to be undrawn at closing.

Proceeds from the credit facility, along with $150 million in senior subordinated high-yield bonds, will be used to fund the buyout of MediMedia by Vestar Capital Partners and management from Cinven, The Carlyle Group and Apax Partners.

MediMedia is a Chatham, N.J.-based specialty health care communications, publishing and patient education 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.