Mediware launches $300 million term loan at Libor plus 450-475 bps

By Sara Rosenberg

New York, June 14 – Mediware Information Systems Inc. launched its $300 million term loan on Tuesday with price talk of Libor plus 450 basis points to 475 bps with a 1% Libor floor and an original issue discount of 99 to 99.5, according to a market source.

The company’s $330 million credit facility also includes a $30 million revolver.

SunTrust Robinson Humphrey Inc. is the lead bank on the deal.

Proceeds will be used to refinance existing debt and fund a distribution to shareholders.

Mediware is a Lenexa, Kan.-based provider of specialized healthcare IT solutions for automating and managing complex health care processes.

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