Surgery Center launches term loan repricing at Libor plus 375 bps

By Sara Rosenberg

New York, Sept. 8 – Surgery Center Holdings Inc. (Surgery Partners Inc.) launched with a lender call on Thursday morning a repricing of its $937 million first-lien term loan that is talked at Libor plus 375 basis points with a 1% Libor floor and a par issue price, according to a market source.

The repriced loan includes 101 soft call protection for six months, the source said.

Jefferies Finance LLC is the lead on the deal.

Commitments are due on Sept. 15, the source added.

The repricing will take the term loan down from Libor plus 425 bps with a 1% Libor floor.

Closing is expected within the next three to four weeks.

Surgery Center is a Nashville, Tenn.-based health care services company.

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