Greatbatch readies launch of $350 million term loan B for Thursday

By Sara Rosenberg

New York, Aug. 11 – Greatbatch Ltd. (Integer) is scheduled to hold a lender call at 1 p.m. ET on Thursday to launch a $350 million seven-year senior secured covenant-lite term loan B, according to a market source.

Wells Fargo Securities LLC is the left lead arranger on the deal.

The term loan has 101 soft call protection for six months and amortization of 1% per annum, the source said.

Security is substantially all assets of the parties with exceptions for excluded assets.

Commitments are due at noon ET on Aug. 19, the source added.

Proceeds will be used to refinance existing debt.

Greatbatch is a Plano, Tex.-based medical device company.

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