A Place for Mom launches $160 million term B at Libor plus 475 bps

By Sara Rosenberg

New York, July 11 – A Place for Mom launched on Tuesday its $160 million term loan B with price talk of Libor plus 475 basis points and an original issue discount of 99, according to a market source.

The company’s $180 million of credit facilities also include a $20 million revolver.

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

Commitments are due on July 21, the source added.

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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