Skilled Healthcare $265 million credit facility to launch June 28

By Sara Rosenberg

New York, June 18 - Skilled Healthcare Group Inc. is scheduled to hold a bank meeting on June 28 for its proposed $265 million credit facility, according to a syndicate document. Credit Suisse First Boston and Goldman Sachs are joint lead arrangers and joint bookrunners on the deal.

The facility consists of a $30 million five-year revolver, a $155 million six-year first-lien term loan and an $80 million seven-year second-lien term loan, with pricing on the three tranches to be determined, the document said.

Proceeds will be used to refinance debt.

Skilled Healthcare is a Foothill Ranch, Calif., operator of long-term care facilities and a provider of a full continuum of post-acute care services.

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