Omnicare launches $350 million revolving facility led by SunTrust

By Sara Rosenberg

New York, April 22 - Omnicare Inc. held a bank meeting on Thursday to launch its proposed $350 million revolving credit facility, according to a market source.

SunTrust is the lead bank on the deal.

Pricing on the revolver can range from Libor plus 225 basis points to 350 bps based on leverage, the source said.

Proceeds will be used for general corporate purposes.

Omnicare is a Covington, Ky.-based pharmaceutical services company.

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