Help at Home to launch $654 million credit facilities on Tuesday

By Sara Rosenberg

New York, Oct. 5 – Help at Home LLC (HAH Group Holding Co. LLC) is scheduled to hold a bank meeting at 11 a.m. ET on Tuesday to launch $654 million of first-lien credit facilities, according to a market source.

Jefferies LLC, Barclays, BMO Capital Markets and UBS Investment Bank are the lead arrangers on the deal.

The facilities consist of a $74 million five-year revolver, a $440 million seven-year first-lien term loan, a $75 million first-lien delayed draw-term loan 1 with three months availability and a $65 million first-lien delayed-draw term loan 2 with 24 months availability, the source said.

The company is also getting a $165 million privately placed eight-year second-lien term loan.

Proceeds will be used to help fund the acquisition of the company by Centerbridge Partners and the Vistria Group.

Help at Home is a Chicago-based provider of home care and support to the elderly and people with disabilities in their homes and community-based settings.

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