Medpace to launch $590 million credit facility on Thursday morning

By Sara Rosenberg

New York, March 11 - Medpace Inc. is set to hold a bank meeting at 10:30 a.m. ET on Thursday to launch a $590 million credit facility, according to a market source.

Jefferies Finance LLC, Barclays, Credit Suisse Securities (USA) LLC, UBS Securities LLC and Wells Fargo Securities LLC are the lead banks on the deal.

The facility consists of a $60 million revolver and a $530 million seven-year covenant-light term loan, the source said.

Proceeds will be used to help fund the buyout of the company by Cinven from CCMP Capital.

Medpace is a Cincinnati-based full-service clinical research organization providing Phase I-IV core development services for drug, biologic, and device programs.

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