AccentCare to launch $525 million incremental term loan on Tuesday

By Sara Rosenberg

New York, Nov. 30 – AccentCare Inc. will hold a lender call on Tuesday to launch a $525 million incremental first-lien term loan, according to a market source.

J.P. Morgan Securities LLC, Barclays, RBC Capital Markets, Capital One and Jefferies LLC are the leads on the deal.

Price talk on the incremental term loan is Libor plus 500 basis points with a 0.5% Libor floor and an original issue discount of 98 to 98.5, the source said.

The incremental term loan has 101 soft call protection for six months.

Commitments are due at noon ET on Dec. 9, the source added.

Proceeds will be used to fund the acquisition of Seasons Hospice & Palliative Care, a Rosemont, Ill.-based hospice provider.

AccentCare, an Advent International portfolio company, is a Dallas-based provider of post-acute health care.

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