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Waystar launches $100 million add-on term loan at 99 OID
By Sara Rosenberg
New York, Nov. 18 – Waystar held a lender call on Monday to launch a $100 million add-on term loan that is talked with an original issue discount of 99, according to a market source.
Pricing on the add-on term loan is Libor plus 400 basis points with a 0% Libor floor.
J.P. Morgan Securities LLC is the lead bank on the deal.
Proceeds will be used to fund an acquisition.
Waystar, which was formed in 2017 through the combination of Navicure and ZirMed, is a provider of revenue cycle technology.
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