One Call Medical seeks term loan repricing at Libor plus 425 bps

By Sara Rosenberg

New York, March 7 - One Call Medical Inc. is in market with a repricing of its term loan to Libor plus 425 basis points with a 1.25% Libor floor from Libor plus 575 bps with a 1.25% Libor floor, according to a market source.

The repriced loan is being offered at par and has 101 soft call protection for one year, the source said.

Existing lenders will get paid out at 101 with the repricing.

Jefferies Finance LLC is leading the deal that launched on Tuesday.

Commitments are due by 3 p.m. ET on Friday, the source added.

One Call is a Parsippany, N.J.-based provider of specialty services to insurance payers.

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