One Call Medical revises OID on $80 million add-on term loan B to 99¾

By Sara Rosenberg

New York, May 20 - One Call Medical Inc. tightened the original issue discount on its fungible $80 million add-on first-lien term loan B due Nov. 27, 2020 to 99¾ from 991/2, according to a market source.

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.

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

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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