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One Call Medical to launch $145 million term loan on Thursday
By Sara Rosenberg
New York, June 26 - One Call Medical Inc. is scheduled to hold a call on Thursday afternoon to launch a $145 million add-on first-lien term loan, according to a market source.
Jefferies Finance LLC is leading the deal.
The add-on is fungible with the company's existing first-lien term loan that is priced at Libor plus 425 basis points with a 1.25% Libor floor.
Proceeds will be used to fund an acquisition.
Leverage will be 3.5 times through the first-lien and 4.9 times total, the source added.
One Call is a Parsippany, N.J.-based provider of specialty services to insurance payers.
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