AccentCare launches $873 million term loan at Libor plus 425-450 bps

By Sara Rosenberg

New York, June 7 – AccentCare Inc. was scheduled to hold a lender call at 3:30 p.m. ET on Monday to launch an $873.4 million term loan B due June 2026 that is talked at Libor plus 425 basis points to 450 bps with a 25 bps ratings-based step-down, a 0% Libor floor and a par issue price, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

JPMorgan Chase Bank is the lead on the deal.

Commitments are due at noon ET on June 14, the source added.

Proceeds will be used to combine two term loans into one tranche through a refinancing/repricing.

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

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