Ortho-Clinical to launch $200 million incremental term B on Monday

By Sara Rosenberg

New York, May 18 – Ortho-Clinical Diagnostics is scheduled to launch at 2 p.m. ET on Monday a $200 million incremental senior secured term loan B due June 30, 2021, according to a market source.

Barclays is the lead bank on the deal.

Proceeds will be used to repay borrowings under the company’s revolving credit facility.

Ortho-Clinical Diagnostics is a Raritan, N.J.-based provider of in-vitro diagnostics solutions for screening, diagnosing and monitoring diseases.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.