Soliant launches $300 million term loan at Libor plus 425-450 bps

By Sara Rosenberg

New York, March 18 – Soliant was scheduled to hold a lender call on Thursday to launch a $300 million term loan B (B2/B+) that is talked at Libor plus 425 basis points to 450 bps with a 0.75% Libor floor and an original issue discount of 99, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

JPMorgan Chase Bank is the lead on the deal.

Commitments are due at noon ET on March 25, the source added.

Proceeds will be used to refinance an existing term loan and fund a dividend.

Soliant is an Atlanta-based provider of health care jobs and staffing services.

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