Kindred Healthcare talks $150 million add-on term loan at 99-99.5 OID

By Sara Rosenberg

New York, Feb. 4 – Kindred Healthcare LLC is seeking a $150 million add-on senior secured term loan (B3) that is talked with an original issue discount of 99 to 99.5, according to a market source.

Pricing on the add-on term loan is Libor plus 500 basis points with a 0% Libor floor.

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

Proceeds will be used to repay revolving credit facility borrowings.

Kindred Healthcare is a Louisville, Ky.-based health care services company.

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