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AccentCare to launch $350 million term loan B on Tuesday
By Sara Rosenberg
New York, Jan. 25 – AccentCare Inc. will hold a lender call at 3 p.m. ET on Tuesday to launch a $350 million term loan B, according to a market source.
J.P. Morgan Securities LLC is the lead on the deal.
Price talk on the term loan B is Libor plus 425 basis points to 450 bps with a 25 bps step-down at B2/B ratings, a 0.5% Libor floor and a par issue price, the source said.
Commitments are due at noon ET on Friday.
Proceeds will be used to reprice an existing term loan down from Libor plus 500 bps with a 0.5% Libor floor.
AccentCare, an Advent International portfolio company, is a Dallas-based provider of post-acute health care.
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