DuPage Medical to launch $750 million credit facilities on Wednesday

By Sara Rosenberg

New York, Feb. 23 – DuPage Medical Group (Midwest Physician Administrative Services LLC) is set to hold a lender call at 10 a.m. ET on Wednesday to launch $750 million of credit facilities, according to a market source.

Credit Suisse Securities (USA) LLC is the left lead arranger on the deal.

The facilities consist of a $100 million revolver and a $650 million seven-year covenant-lite first-lien term loan, the source said.

The term loan has 101 soft call protection for six months.

Expected term loan ratings are B2/B.

Commitments are due at noon ET on March 5, the source added.

Proceeds will be used with balance sheet cash to refinance first-and second-lien term loans and pay a distribution.

DuPage is a Downers Grove, Ill.-based multi-specialty physician group.

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