Medforth firms $788 million term loan B at Libor plus 325 bps

By Sara Rosenberg

New York, Feb. 20 – Medforth finalized pricing on its $788 million first-lien term loan B due July 17, 2025 at Libor plus 325 basis points, the high end of the Libor plus 300 bps to 325 bps talk, according to a market source.

The term loan still has a 0% Libor floor, a par issue price and 101 soft call protection for six months

Goldman Sachs Bank USA, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley Senior Funding Inc., Macquarie Capital (USA) Inc. and HSBC Securities (USA) Inc. are the leads on the deal.

Proceeds will be used to reprice an existing term loan B.

Medforth is a New York-based educational institution, providing students medical degrees and veterinary degrees.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.