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Summit Behavioral Healthcare allocates $796 million repriced loan
Chicago, April 26 – Summit Behavioral Healthcare, LLC repriced and allocated its approximately $796 million first-lien term loan due Nov. 24, 2028 (B3/B-) on Friday, according to a market source.
The deal priced on top of talk, at SOFR plus 425 basis points with a 0.75% floor, at par.
The repricing removed the credit spread adjustment.
The 101 soft call protection resets for six months.
Jefferies was the lead arranger.
Summit is a Franklin, Tenn.-based behavioral health care services provider.
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