Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Surgery Partners, Inc. > News item |
Surgery Partners increases incremental term loan to $180 million
By Sara Rosenberg
New York, Oct. 18 – Surgery Partners Inc. upsized its incremental term loan to $180 million from $115 million and set the original issue discount at 99.75, the tight end of the 99.5 to 99.75 talk, 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 deal.
Recommitments were scheduled to be due at noon ET on Thursday, 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 health care services company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.