AccentCare launches $355 million term loan at Libor plus 425-450 bps

By Sara Rosenberg

New York, May 30 – AccentCare Inc. launched on Thursday its $355 million seven-year first-lien term loan with price talk of Libor plus 425 basis points to 450 bps with a 0% Libor floor and an original issue discount of 99, according to a market source.

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

J.P. Morgan Securities LLC is the lead on the deal.

Proceeds will be used to help fund the buyout of the company by Advent International from Oak Hill Capital Partners.

AccentCare is a Dallas-based provider of post-acute health care.

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