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Ortho-Clinical to launch $375 million euro equivalent term loan B
By Sara Rosenberg
New York, Jan. 6 – Ortho-Clinical Diagnostics will hold a lender meeting on Wednesday to launch a $375 million euro equivalent senior secured term loan B, according to a market source.
Barclays is the left lead arranger on the deal and the administrative agent.
Proceeds will be used to refinance existing debt.
Commitments are due at noon ET on Jan. 22, the source added.
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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