Kindred At Home to launch $410 million add-on term loan on Wednesday

By Sara Rosenberg

New York, June 4 – Kindred At Home (Gentiva Health Services Inc.) is scheduled to hold a lender call at noon ET on Wednesday to launch a fungible $410 million add-on first-lien term loan due July 2025, according to a market source.

J.P. Morgan Securities LLC is the lead on the deal.

Price talk on the add-on term loan is Libor plus 375 basis points with a 0% Libor floor and an original issue discount of 99 to 99.5, the source said.

The spread and floor on the add-on term loan match the existing term loan pricing.

The add-on term loan and existing term loan will get 101 soft call protection for six months.

Commitments are due at noon ET on June 12, the source added.

Proceeds will be used to refinance an existing second-lien term loan.

Kindred At Home is a provider of home health and hospice.

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