AccentCare launches add-on, first-lien repricing at Libor plus 525 bps

By Sara Rosenberg

New York, Nov. 28 – AccentCare launched on its call on Tuesday a $55 million add-on delayed-draw term loan and a repricing of its existing $164 million first-lien term loan with price talk of Libor plus 525 basis points with a 1% Libor floor, according to a market source.

The add-on delayed-draw term loan is talked with an original issue discount of 99.5, and the repricing is offered with a 12.5-bps consent fee, the source said.

The add-on delayed-draw loan has a one year draw period and a 100-bps ticking fee.

Capital One is the lead on the deal.

Proceeds from the add-on debt will be used for general corporate purposes including acquisitions and the repricing will take the existing first-lien term loan down from Libor plus 575 bps with a 1% Libor floor.

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

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