Healthcare Staffing obtains new $150 million senior secured loan

By Tali Rackner

Norfolk, Va., Oct. 13 – Healthcare Staffing Services, Inc. received a $150 million senior secured loan with Franklin Square Capital Partners, according to a press release.

The financing was provided by FS Investment Corp., FS Investment Corp. II and FS Investment Corp. III, BDCs managed by affiliates of Franklin Square and sub-advised by GSO/Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners LP.

The loan facilitated a recapitalization of the company through which Thomas H. Lee Partners, LP, a private equity investment firm, acquired a majority equity stake in Healthcare Staffing.

Healthcare Staffing is a Denver-based staffing firm.

© 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.