Kepro launches $27.5 million add-on first-lien term loan at 99.5 OID

By Sara Rosenberg

New York, June 19 – Kepro (Keystone Peer Review Organization Inc.) launched on Tuesday its fungible $27.5 million add-on first-lien term loan due May 2024 with original issue discount talk of 99.5, according to a market source.

Pricing on the add-on loan is Libor plus 525 basis points with a 1% Libor floor, in line with existing first-lien term loan pricing.

The add-on loan is only being marketed to existing lenders, the source said.

RBC Capital Markets LLC is the lead bank on the deal.

Proceeds will be used to fund an acquisition.

Commitments are due at 5 p.m. ET on June 28.

Kepro is a Harrisburg, Pa.-based quality improvement and care management organization.

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