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Ortho-Clinical talks euro term loan B at Euribor plus 400 bps
By Sara Rosenberg
New York, Jan. 8 – Ortho-Clinical Diagnostics launched on Wednesday its $375 million euro-equivalent senior secured term loan B with price talk of Euribor plus 400 basis points with a 0% floor and an original issue discount of 99 to 99.5, according to a market source.
Barclays is the left lead arranger on the deal and the administrative agent.
Commitments are due at noon ET on Jan. 22.
Proceeds will be used to refinance existing debt.
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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