Signant Health to launch $1.06 billion credit facilities on Thursday

By Sara Rosenberg

New York, April 19 – Signant Health (Bracket Intermediate Holding Corp.) is scheduled to hold a lender call at 11 a.m. ET on Thursday to launch $1.06 billion of credit facilities, according to a market source.

Jefferies LLC and Antares Capital are the bookrunners on the deal.

The facilities consist of an $80 million revolver, an $850 million five-year first-lien term loan and a $130 million delayed-draw first-lien term loan, the source said.

The delayed-draw term loan is available for six months and has ticking fees of half the margin for days 46 to 90 and the full margin thereafter.

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

Commitments are due at 2 p.m. ET on May 2, the source added.

Proceeds will be used to refinance the company’s existing debt.

Signant is a Blue Bell, Pa., provider of clinical research technology and solutions for clinical trials.

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