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MyEyeDr. flexes $80 million term loan to Libor plus 625 bps
By Sara Rosenberg
New York, July 16 – MyEyeDr. (MED ParentCo. LP) lowered pricing on its $80 million senior secured first-lien term loan due August 2026 to Libor plus 625 basis points from Libor plus 650 bps, according to a market source.
Also, the original issue discount on the term loan firmed at 98, the tight end of the 97 to 98 talk, the source said.
The term loan still has a 1% Libor floor and hard call protection of 102 in year one and 101 in year two.
Jefferies LLC, Nomura, Golub Capital, KKR Capital Markets and Macquarie Capital (USA) Inc. are the lead arrangers on the deal.
Order confirmations were scheduled to be due at the close of business on Thursday, the source added.
Proceeds will be used for general corporate purposes.
MyEyeDr. is an optometry platform. The company is affiliated with Capital Vision Services LP, which provides management services to MyEyeDr. optometrists and its practices with financial, marketing, human resources and account services, along with managed care credentialing and claims processing.
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