Synlab readies launch of €920 million term loan B for Tuesday

By Sara Rosenberg

New York, June 7 – Synlab is scheduled to hold a lender meeting on Tuesday to launch a €920 million seven-year term loan B, according to a market source.

Goldman Sachs is the global coordinator and a physical bookrunner with Barclays, HSBC and Morgan Stanley.

The term loan has a 0% floor, the source said.

Proceeds will be used to refinance existing senior secured fixed-rate notes and pay associated fees and expenses.

Commitments are due on June 19.

Allocations are targeted for June 20, the source added.

Synlab is a provider of clinical laboratory and medical diagnostic services.

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