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ATI Physical Therapy to launch $570 million term loan on Thursday
By Sara Rosenberg
New York, July 6 – ATI Physical Therapy (ATI Holdings Acquisition Inc.) is set to hold a lender call at 11 a.m. ET on Thursday to launch a $570 million seven-year first-lien term loan, according to a market source.
Barclays is the left bookrunner on the deal and the administrative agent.
The term loan has 101 soft call protection for six months, the source said.
Proceeds will be used to refinance the company’s existing capital structure.
ATI is a Bolingbrook, Ill.-based outpatient physical therapy provider.
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