One Call readies launch of $700 million term loan B for Monday

By Sara Rosenberg

New York, March 19 – One Call Corp. set a lender call for 11:30 a.m. ET on Monday to launch a $700 million first-lien term loan B (B1/B-), according to a market source.

JPMorgan Chase Bank, Wells Fargo Securities LLC, Jefferies LLC, CIT, KKR Capital Markets and Blackstone are the leads on the deal.

Price talk on the term loan is Libor plus 475 basis points to 500 bps with a 0.75% Libor floor and an original issue discount of 99, the source said.

The term loan has 101 soft call protection for six months.

Commitments are due at 5 p.m. ET on April 5, the source added.

Proceeds will be used to refinance existing debt.

One Call is a Jacksonville, Fla.-based health care network management company and provider of specialized solutions to the workers’ compensation industry.

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