MDVIP talks $215 million first-lien loan at Libor plus 375-400 bps

By Sara Rosenberg

New York, Oct. 25 – MDVIP Inc. launched on Wednesday its $215 million seven-year first-lien term loan with price talk of Libor plus 375 basis points to 400 bps with a 1% Libor floor and an original issue discount of 99.5, according to a market source.

The first-lien term loan has 101 soft call protection for six months, the source said.

Commitments are due on Nov. 8.

The company’s $335 million of credit facilities also include a $25 million revolver and a $95 million eight-year second-lien term loan that has been pre-placed.

Jefferies LLC, Antares Capital and Societe Generale are the leads on the deal.

Proceeds will be used to help fund the buyout of the company by Leonard Green & Partners.

MDVIP is a provider of membership-based private health care services.

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