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MyEyeDr. launches $75 million incremental term loan at 99 OID
By Sara Rosenberg
New York, March 24 – MyEyeDr. (MED ParentCo. LP) launched on Wednesday its fungible $75 million incremental first-lien term loan due August 2026 with original issue discount talk of 99, according to a market source.
Pricing on the incremental term loan is Libor plus 425 basis points with a 0% Libor floor.
Jefferies LLC is the lead arranger on the deal.
Commitments are due at 3 p.m. ET on Monday.
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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