HealthChannels launches $135 million incremental term loan at 99 OID

By Sara Rosenberg

New York, Oct. 16 – HealthChannels (ScribeAmerica Intermediate Holdco LLC) launched on Tuesday its fungible $135 million incremental first-lien term loan (B3/B) due April 2025 with an original issue discount of 99, according to a market source.

Pricing on the incremental term loan matches existing term loan pricing at Libor plus 450 basis points with a 0% Libor floor.

The incremental term loan has the same 101 hard call protection that is included in the existing term loan.

Jefferies LLC and Capital One are the lead arrangers on the deal.

Commitments are due on Oct. 30, the source added.

Proceeds will be used to fund the acquisition of PhysAssist Scribes, a Fort Worth-based provider of medical scribes to hospitals and medical practices.

HealthChannels is a Fort Lauderdale, Fla.-based medical scribing, care coordination and real-time coding services company.

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