Owens & Minor readies launch of new term loan B for Wednesday

By Sara Rosenberg

New York, April 16 – Owens & Minor Inc. is set to hold a bank meeting at 2 p.m. ET in New York on Wednesday to launch a seven-year covenant-light term loan B, according to a market source.

Bank of America Merrill Lynch is the lead arranger on the deal.

Proceeds will be used with a new term loan A to fund the acquisition of the surgical and infection prevention business of Halyard Health Inc.

Owens & Minor is a Mechanicsville, Va.-based health care solutions company.

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