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Kepro readies launch of $300 million credit facility for Thursday
By Sara Rosenberg
New York, Nov. 7 – Kepro is set to hold a bank meeting on Thursday to launch a $300 million credit facility, according to a market source.
Capital One is the left lead on the deal.
The facility consists of a $25 million revolver, a $200 million first-lien term loan and a $75 million second-lien term loan, the source said.
Proceeds will be used to refinance existing debt and fund a dividend.
First-lien leverage is 4 times and total leverage is 5.5 times, the source added.
Kepro is a Harrisburg, Pa.-based quality improvement and care management organization.
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