Ortho-Clinical to launch $2.68 billion credit facilities on Thursday

By Sara Rosenberg

New York, May 16 – Ortho-Clinical Diagnostics is set to hold a lender call at 9:30 a.m. ET on Thursday to launch $2,675,000,000 of credit facilities, according to a market source.

Barclays, Goldman Sachs Bank USA, J.P. Morgan Securities LLC, ING, UBS Investment Bank, Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Macquarie Capital (USA) Inc., RBS, Bank of Ireland and Nomura are the arrangers on the deal.

The facilities consist of a $350 million five-year revolver and a $2,325,000,000 seven-year term loan B, the source said.

Proceeds will be used to refinance existing credit facilities.

The Carlyle Group is the sponsor.

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

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