MDVIP gets $85 million incremental first-lien term loan

By Sara Rosenberg

New York, Dec. 21 – MDVIP wrapped an $85 million incremental first-lien term loan priced at SOFR+CSA plus 350 basis points with a 0.5% floor, according to a market source.

CSA is ARRC standard of 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.

Original issue discount on the incremental term loan is not available, the source added.

Golub Capital is the lead arranger on the deal.

Allocations went out on Dec. 19.

Proceeds are being used to partially refinance the company’s existing second-lien term loan.

MDVIP is a Boca Raton, Fla.-based provider of membership-based private health care services.

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