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OB Hospitalist to launch $220 million credit facilities on Tuesday
By Sara Rosenberg
New York, July 17 – OB Hospitalist Group is scheduled to hold a bank meeting in New York on Tuesday to launch $220 million of credit facilities, according to a market source.
Antares Capital is the lead on the deal.
The facilities consist of a $20 million five-year revolver and a $200 million seven-year covenant-light term loan, the source said.
Proceeds will be used to help fund the buyout of the company by Gryphon Investors from Ares Management LP.
OB Hospitalist is a Mauldin, S.C.-based provider of OB/GYN hospitalist services.
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