Agiliti Health withdraws $1.08 billion term loan B from market

By Sara Rosenberg

New York, March 15 – Agiliti Health decided to pull its $1.075 billion seven-year term loan B as a result of market volatility, according to a market source.

Talk on the term loan had been SOFR plus 300 basis points to 325 bps with a 0.5% floor and an original issue discount of 99.

JPMorgan Chase Bank was the lead on the deal.

Proceeds were going to be used to refinance both of the company’s term loans into one loan.

The company was also planning on getting a $300 million revolving credit facility due in 2028 to refinance its existing $250 million revolver due in 2026.

Agiliti is an Eden Prairie, Minn.-based essential service provider to the U.S. health care industry.

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