Apria Healthcare launches $750 million term loan at Libor plus 450 bps

By Sara Rosenberg

New York, March 20 - Apria Healthcare Group Inc. launched on Wednesday a $750 million term loan B (BB) with price talk of Libor plus 450 basis points with a 1.25% Libor floor and an original issue discount of 99, according to a market source.

The term loan has 101 soft call protection for one year, the source said.

Bank of America Merrill Lynch, Goldman Sachs & Co., Barclays, Wells Fargo Securities LLC and Macquarie Capital are leading the deal.

Proceeds will be used to repay bonds.

Commitments are due on March 28, the source added.

Apria is a Lake Forest, Calif.-based home health-care services 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.