Help at Home launches $205 million term loan at 96.5 to 97 OID

By Sara Rosenberg

New York, March 23 – Help at Home (HAH Group Holding Co. LLC) launched on Wednesday its non-fungible $205 million incremental first-lien term loan due Oct. 29, 2027 with original issue discount talk of 96.5 to 97, according to a market source.

Price talk on the incremental term loan is SOFR+CSA plus 500 basis points with a 1% floor.

CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.

Jefferies LLC, Barclays and UBS Investment Bank are the arrangers on the deal.

Commitments are due at 2 p.m. ET on Tuesday, the source added.

Proceeds will be used to fund the acquisition of Edison Home Health Care and Preferred Home Care of New York.

In connection with this transaction, pricing on the company’s existing term loan will transition to SOFR+CSA plus 500 bps with a 1% floor from Libor plus 500 bps with a 1% floor. CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.

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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