AccentCare releases price talk on first- and second-lien term loans

By Sara Rosenberg

New York, July 21 – AccentCare disclosed price talk on its $105 million six-year first-lien term loan B and $35 million seven-year second-lien term loan, according to a market source.

The first-lien term loan is talked at Libor plus 475 basis points with a 1% Libor floor and an original issue discount of 99, and the second-lien term loan is talked at Libor plus 875 bps with a 1% Libor floor and a discount of 98.5, the source said.

The first-lien term loan has 101 soft call protection for six months, and the second-lien term loan has hard call protection of 102 in year one and 101 in year two.

Along with the term loans, the company’s $170 million senior credit facility includes a $30 million five-year revolver.

GE Capital Markets is the lead on the deal that launched with a bank meeting on Monday.

Proceeds will be used to refinance existing debt.

AccentCare, an Oak Hill portfolio company, is a Dallas-based home health provider.

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