Kindred At Home tightens $410 million add-on term loan OID to 99.875

By Sara Rosenberg

New York, June 11 – Kindred At Home (Gentiva Health Services Inc.) revised the original issue discount on its fungible $410 million add-on first-lien term loan due July 2025 to 99.875 from talk in the range of 99 to 99.5, according to a market source.

Pricing on the add-on term loan is Libor plus 375 basis points with a 0% Libor floor, in line with existing term loan pricing.

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

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

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

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

© 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.