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Capella Healthcare plans $100 million ABL revolving credit facility
By Sara Rosenberg
New York, May 18 - Capella Healthcare Inc. is looking to get a $100 million ABL revolving credit facility, according to a market source.
Bank of America, Citigroup and Barclays are the lead banks on the deal, with Bank of America the administrative agent.
Price talk on the revolver is Libor plus 325 basis points, the source said.
Proceeds from the revolver, along with a $500 million senior notes offering, will be used to refinance the company's existing bank debt.
Capella Healthcare is a Franklin, Tenn.-based operator of community hospitals.
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