MyEyeDr. launches $80 million term loan at Libor plus 650 bps

By Sara Rosenberg

New York, July 13 – MyEyeDr. (MED ParentCo. LP) was scheduled to hold a lender call at 4 p.m. ET on Monday to launch an $80 million senior secured first-lien term loan due August 2026, according to a market source.

Price talk on the term loan is Libor plus 650 basis points with a 1% Libor floor and an original issue discount of 97 to 98, the source said.

The term loan has hard call protection of 102 in year one and 101 in year two.

Jefferies LLC, Nomura, Golub Capital, KKR Capital Markets and Macquarie Capital (USA) Inc. are the lead arrangers on the deal.

Commitments are due at 1 p.m. ET on Thursday, the source added.

Proceeds will be used for general corporate purposes.

MyEyeDr. is an optometry platform. The company is affiliated with Capital Vision Services LP, which provides management services to MyEyeDr. optometrists and its practices with financial, marketing, human resources and account services, along with managed care credentialing and claims processing.

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