A Place for Mom to launch $180 million credit facilities on Tuesday

By Sara Rosenberg

New York, July 6 – A Place for Mom is scheduled to hold a bank meeting on Tuesday to launch $180 million of credit facilities, according to a market source.

Citizens Bank and Antares Capital are the leads on the deal.

The facilities consist of a $20 million revolver and a $160 million term loan B, the source said.

Proceeds will be used to help fund the buyout of the company by Silver Lake and General Atlantic from Warburg Pincus.

Closing is subject to customary conditions.

A Place for Mom is a Seattle-based provider of resources and assistance in finding senior living options.

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