Quintiles sets Wednesday lender call for $250 million of facilities

By Paul A. Harris

Portland, Ore., Oct. 9 - Quintiles Transnational Corp. will discuss $250 million of credit facilities (B1/BB-) during a Wednesday afternoon lender call, according to an informed source.

J.P. Morgan Securities LLC is leading the deal.

The institutional piece is a $175 million non-fungible term B-1 loan due June 2018, and the pro rata tranche is a $75 million incremental revolver due June 2017.

Pricing remains to be determined.

Proceeds will be used to pay a distribution to shareholders of Quintiles Transnational Holdings Inc.

Quintiles Transnational is a Durham, N.C.-based contract research organization.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.