Mediware withdraws $330 million credit facility from primary market

By Sara Rosenberg

New York, June 30 – Mediware Information Systems Inc. removed its $330 million credit facility (B2/B) from the market, according to a source.

The facility consisted of a $30 million revolver and a $300 million term loan.

Price talk on the term loan had been Libor plus 450 basis points to 475 bps with a 1% Libor floor and an original issue discount of 99 to 99.5.

The term loan was also talked with 101 soft call protection for six months.

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

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

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

© 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.