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Greenway Health launches $530 million term loan at Libor plus 425 bps
By Sara Rosenberg
New York, Sept. 8 – Greenway Health LLC launched on its lender call on Friday a $530 million term loan with price talk of Libor plus 425 basis points with a 1% Libor floor and a par issue price, according to a market source.
The term loan has 101 soft call protection for six months, the source said.
Jefferies LLC is the lead on the deal.
Proceeds will be used to reprice an existing term loan from Libor plus 475 bps with a 1% Libor floor.
Signatures are due at 5 p.m. ET on Tuesday, the source added.
Greenway Health is a Carrollton, Ga.-based provider of clinical, financial, connectivity and information software products and services to physician practices.
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