Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for CityMD > News item |
CityMD readies launch of $1.05 billion credit facilities for Tuesday
By Sara Rosenberg
New York, July 22 – CityMD (WP CityMD Bidco LLC) is scheduled to hold a bank meeting at 1 p.m. ET in New York on Tuesday to launch $1.05 billion of credit facilities, according to a market source.
Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA, BofA Securities Inc., Jefferies LLC, KeyBanc Capital Markets, ING, SunTrust Robinson Humphrey Inc., Regions Bank and Houlihan Lokey are the lead arrangers on the deal.
The facilities consist of a $150 million revolver and a $900 million seven-year covenant-lite first-lien term loan, the source said.
Included in the term loan is 101 soft call protection for six months.
Commitments are due at 5 p.m. ET on Aug. 6, the source added.
Proceeds will be used to fund the acquisition of Summit Medical Group, a multispecialty medical group, and to refinance existing debt.
CityMD is an urgent care provider.
© 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.