Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Aveanna Healthcare LLC > News item |
Aveanna Healthcare to launch $415 million term loan on Tuesday
By Sara Rosenberg
New York, Nov. 29 – Aveanna Healthcare LLC is scheduled to hold a lender call at 2:30 p.m. ET on Tuesday to launch a $415 million eight-year senior secured second-lien term loan, according to a market source.
Barclays is the lead on the deal and the administrative agent.
The term loan has call protection of 102 in year one and 101 in year two, the source said. However, the call protection is 101 in year one and par in year two with respect to any prepayments made in connection with any equity issuance.
Proceeds will be used to help fund the acquisitions of Comfort Care for $345 million and Accredited Nursing Services for a base purchase price of $180 million, plus up to $45 million of potential additional consideration.
Closing is expected this quarter.
Aveanna is an Atlanta-based home care provider. Comfort Care is a provider of adult home health and hospice operations in Alabama and Tennessee. Accredited is a provider of private duty services in California.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.