ATI Physical Therapy to get $55 million add-on first-lien term loan

By Sara Rosenberg

New York, Dec. 13 – ATI Physical Therapy plans to issue a fungible $55 million add-on first-lien term loan due 2023, according to a news release.

Barclays is the lead bank on the deal, a market source added.

Proceeds will be used to repay revolving credit facility borrowings that were incurred to fund various acquisitions in 2016 and for fees and expenses related to the financing.

ATI is a Bolingbrook, Ill.-based physical therapy organization.

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