National Mentor cuts term B pricing to Libor plus 250 bps

By Sara Rosenberg

New York, April 4 - National Mentor Holdings Inc. cut pricing on its term loan B by 75 basis points to Libor plus 250 basis points, according to a company news release.

The newly repriced tranche contains call protection at 101 for one year against another repricing.

JPMorgan is the administrative agent on the deal.

National Mentor is a Boston provider of community-based, residential, in-home and out-of-home services to people with developmental disabilities, children with emotional and behavioral challenges and people with acquired brain injury.

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