Kaufman Hall launches $150 million term B at Libor plus 500-525 bps

By Sara Rosenberg

New York, Jan. 8 – Kaufman Hall & Associates LLC launched on Thursday its $150 million six-year term loan B with price talk of Libor plus 500 basis points to 525 bps with a 1% Libor floor and an original issue discount of 99, according to a market source.

The term loan has 101 soft call protection for one year and a maximum consolidated total net leverage ratio, the source said.

The company’s $170 million credit facility also includes a $20 million five-year revolver.

Barclays and SunTrust Robinson Humphrey Inc. are the bookrunners on the deal.

Proceeds will be used to fund the buyout of the company by Madison Dearborn Partners.

Commitments are due on Jan. 22, the source added.

Kaufman Hall is a Skokie, Ill.-based consulting firm and provider of software serving U.S. not-for-profit health care providers.

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