One Call Medical launches $145 million add-on term loan at OID of 99¾

By Sara Rosenberg

New York, June 27 - One Call Medical Inc. launched on Thursday its $145 million add-on first-lien term loan with an original issue discount of 993/4, according to a market source.

Pricing on the add-on is Libor plus 425 basis points with a 1.25% Libor floor, in line with existing first-lien term loan pricing.

Jefferies Finance LLC is leading the deal.

Proceeds will be used to fund an acquisition.

Leverage will be 3.5 times through first-lien debt and 4.9 times total.

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

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