Mediware finalizes $443 million term loan B at Libor plus 350 bps

By Sara Rosenberg

New York, Dec. 8 – Mediware Information Systems Inc. firmed pricing on its $443 million term loan B due 2024 at Libor plus 350 basis points, the high end of the Libor plus 325 bps to 350 bps talk, according to a market source.

Also, the issue price for new money was tightened to par from 99.75, the source said. Existing money is still getting a par issue price.

The term loan still has a 1% Libor floor and 101 soft call protection for six months.

Bank of America Merrill Lynch is the lead bank on the deal.

Proceeds will be used to refinance existing debt.

Mediware is a Lenexa, Kan.-based provider of software for health care and human services providers.

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