Gastro Health plans $550 million credit facilities for buyout

By Sara Rosenberg

New York, May 24 – Gastro Health plans on getting $550 million of credit facilities to help fund its buyout by Omers, according to a market source.

BMO Capital Markets is the lead on the deal.

The facilities consist of a $60 million revolver, a $300 million first-lien term loan, a $100 million delayed-draw first-lien term loan and a $90 million second-lien term loan, the source said.

Closing is expected this quarter, subject to certain conditions, including regulatory approvals.

Gastro Health is a Miami-based platform supporting medical groups specializing in the treatment of gastrointestinal disorders, nutrition and digestive health.

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