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Omnicare $350 million revolving facility priced at Libor plus 325 bps
By Sara Rosenberg
New York, May 5 - Omnicare Inc.'s $350 million five-year revolving credit facility is priced at Libor plus 325 basis points with a 50 bps unused fee, according to a market source.
The deal was launched in late April, at which time price talk was revealed as Libor plus 225 bps to 350 bps based on leverage.
SunTrust, JPMorgan, Barclays and Citigroup are the bookrunners on the deal, with SunTrust the left lead.
Proceeds will be used for general corporate purposes.
Senior leverage is around 1.43 times and total leverage is around 3.64 times.
Omnicare is a Covington, Ky.-based pharmaceutical services company.
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