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Medforth launches $788 million term loan B at Libor plus 300-325 bps
By Sara Rosenberg
New York, Feb. 13 – Medforth launched on Thursday its $788 million first-lien term loan B due July 17, 2025 with price talk of Libor plus 300 basis points to 325 bps with a 0% Libor floor and a par issue price, according to a market source.
The term loan has 101 soft call protection for six months, the source said.
Goldman Sachs Bank USA is the lead on the deal.
Commitments are due on Wednesday, the source added.
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.
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