Agiliti to launch $150 million incremental term loan on Wednesday

By Sara Rosenberg

New York, Sept. 14 – Agiliti Inc. is scheduled to hold a lender call at 11 a.m. ET on Wednesday to launch a fungible $150 million incremental term loan due January 2026, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

Pricing on the incremental term loan is Libor plus 300 basis points with a 0% Libor floor.

The incremental term loan is talked with an original issue discount of 99.027, the source said.

Commitments are due at noon ET on Sept. 22.

Proceeds will be used with cash on hand to fund the acquisition of Sizewise Rentals LLC, a Lenexa, Kan.-based manufacturer and distributor of specialty hospital beds, surfaces and patient handling equipment, in a stock purchase transaction valued at $230 million.

Closing is expected on Oct. 1, subject to customary conditions.

Agiliti is a Minneapolis-based essential service provider to the U.S. health care industry.

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