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Option Care to launch $250 million add-on term loan on Thursday
By Sara Rosenberg
New York, Jan. 13 – Option Care Health Inc. is scheduled to hold a lender call at noon ET on Thursday to launch a fungible $250 million add-on term loan, according to a market source.
BofA Securities Inc. is the lead on the deal.
Proceeds will be used to repay existing second-lien PIK notes.
The company’s existing term loan is priced at Libor plus 450 basis points with a 0% Libor floor.
Option Care is a Bannockburn, Ill.-based provider of home and alternate treatment site infusion therapy services.
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