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Greenway Health talks $526 million term loan at Libor plus 350-375 bps
By Sara Rosenberg
New York, April 26 – Greenway Health LLC launched on Thursday its $526 million first-lien term loan with price talk of Libor plus 350 basis points to 375 bps 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 down from Libor plus 425 bps with a 1% Libor floor.
Consents are due at noon ET on Wednesday and commitments are due at noon ET on May 3, 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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