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MDVIP sets Tuesday lender call for $685 million term loans for buyout
By Paul A. Harris
Portland, Ore., Sept. 16 – Membership-based private health care services provider MDVIP set a lender call at 11 a.m. ET on Tuesday for $685 million of term loans, according to a market source.
The deal includes a $500 million first-lien loan and a $185 million second-lien loan.
Arranger Goldman Sachs is on the left for the first-lien loan. Arranger Jefferies is on left for the second-lien loan. KeyBank, KKR, Citizens and Stone Point are also arrangers.
Proceeds will be used to fund the acquisition of the Boca Raton, Fla.-based company by Goldman Sachs Asset Management and Charlesbank Capital Partners.
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