Ortho-Clinical accelerates euro term loan B deadline to Friday

By Sara Rosenberg

New York, Jan. 15 – Ortho-Clinical Diagnostics moved up the commitment deadline for its $375 million euro-equivalent senior secured term loan B to 11 a.m. ET on Friday from noon ET on Jan. 22, according to a market source.

The term loan B is talked at Euribor plus 400 basis points with a 0% floor and an original issue discount of 99 to 99.5.

Barclays is the left lead arranger on the deal and the administrative agent.

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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