One Call Medical widens discount on $145 million add-on loan to 99

By Sara Rosenberg

New York, July 11 - One Call Medical Inc. revised the original issue discount on its $145 million add-on first-lien term loan to 99 from 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.

There is 101 soft call protection through March 2014.

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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