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Aveanna Healthcare to launch $221 million in term loans on Wednesday
By Sara Rosenberg
New York, June 11 – Aveanna Healthcare LLC is set to hold a lender call on Wednesday to launch $221 million in term loans, according to a market source.
Barclays and BMO Capital Markets are the bookrunners.
The debt consists of a $171 million incremental first-lien term loan and a $50 million first-lien delayed-draw term loan, the source said.
Proceeds will be used to fund the acquisition of Premier Healthcare Services LLC.
Closing is expected in mid to late June.
Bain Capital is the sponsor.
Aveanna Healthcare is an Atlanta-based pediatric home health care company. Premier Healthcare is a Pasadena, Calif.-based provider of pediatric services.
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