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Aveanna Healthcare to launch $1.06 billion of term loans on Wednesday
By Sara Rosenberg
New York, June 22 – Aveanna Healthcare LLC is set to hold a lender call at 2 p.m. ET on Wednesday to launch $1.06 billion of senior secured term loans, according to a market source.
Barclays is the left bookrunner on the deal and the administrative agent.
The debt consists of an $860 million seven-year term loan B and a $200 million delayed-draw term loan B, the source said.
The term loan has 101 soft call protection for six months.
Proceeds will be used to refinance the company’s existing capital structure.
Aveanna Healthcare is an Atlanta-based home health care company.
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