Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for OB Hospitalist Group > News item |
OB Hospitalist talks $200 million term loan at Libor plus 425-450 bps
By Sara Rosenberg
New York, July 18 – OB Hospitalist Group launched on Tuesday its $200 million seven-year covenant-light term loan with price talk of Libor plus 425 basis points to 450 bps with a 1% Libor floor and an original issue discount of 99, according to a market source.
The term loan has 101 soft call protection for six months, the source said.
The company’s $220 million of credit facilities also include a $20 million five-year revolver.
Antares Capital is the lead on the deal.
Proceeds will be used to help fund the buyout of the company by Gryphon Investors from Ares Management LP.
Commitments are due on Aug. 1, the source added.
OB Hospitalist is a Mauldin, S.C.-based provider of OB/GYN hospitalist services.
© 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.