Surgery Partners launches $115 million term loan at 99.5-99.75 OID

By Sara Rosenberg

New York, Oct. 11 – Surgery Partners Inc. held a lender call on Thursday to launch a $115 million incremental term loan that is talked with an original issue discount of 99.5 to 99.75, according to a market source.

Pricing on the incremental term loan matches existing term loan pricing at Libor plus 325 basis points with a 1% Libor floor.

Jefferies LLC is the lead on the financing.

Commitments are due on Wednesday, the source said.

Proceeds will be used to fund an existing pipeline of potential transactions and replenish proceeds from previous acquisitions.

Surgery Partners is a Nashville-based healthcare services company.

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