One Call Medical to launch $80 million add-on first-lien term B

By Sara Rosenberg

New York, May 9 - One Call Medical Inc. will hold a call at 11 a.m. ET on Monday to launch a fungible $80 million add-on first-lien term loan B due Nov. 27, 2020, according to a market source.

Bank of America Merrill Lynch, RBC Capital Markets, SunTrust Robinson Humphrey Inc. and UBS Securities LLC are the lead banks on the deal.

Pricing on the add-on matches the existing loan at Libor plus 400 basis points with a step-down to Libor plus 375 bps when net first-lien leverage is 4.25 times and a 1% Libor floor.

The original issue discount on the add-on is not yet available, the source said.

Proceeds will fund a bolt-on acquisition.

One Call is a Parsippany, N.J.-based provider of specialized cost containment services to the workers' compensation industry.

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