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Option Care firms $404 million term loan B at Libor plus 375 bps
By Sara Rosenberg
New York, June 7 – Option Care (HC Group Holdings III Inc.) finalized pricing on its $404 million covenant-light term loan B (B2/B-) due April 7, 2022 at Libor plus 375 basis points, the low end of the Libor plus 375 bps to 400 bps talk, according to a market source.
The term loan still has a 0% Libor floor, a par issue price and 101 soft call protection for six months.
Bank of America Merrill Lynch is the lead arranger on the deal.
Proceeds will be used to refinance an existing term loan B.
Option Care is a provider of home and alternate treatment site infusion therapy services.
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