Women’s Care launches $175 million term loan at Libor plus 450 bps

By Sara Rosenberg

New York, July 25 – Women’s Care Florida launched on Tuesday its $175 million first-lien term loan with price talk of Libor plus 450 basis points 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 and a net total leverage covenant, the source said.

The company’s $205 million of credit facilities also include a $30 million revolver.

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

Commitments are due on Aug. 8, the source added.

Proceeds will be used to help fund the buyout of the company by Lindsay Goldberg LLC.

Women’s Care Florida is a specialty women’s health physician group across Florida.

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