Datavant to launch $752 million credit facilities on Wednesday

By Sara Rosenberg

New York, March 19 – Datavant (Ciox Health/CT Technologies Intermediate Holdings Inc.) is set to hold a lender call at 10 a.m. ET on Wednesday to launch roughly $752 million of credit facilities, according to a market source.

UBS Investment Bank, Goldman Sachs Bank USA and Deutsche Bank Securities Inc. are the arrangers on the deal.

The facilities consist of a $100 million upsized revolver due December 2028 and a roughly $652 million first-lien term loan due December 2028, the source said.

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

Commitments are due at noon ET on March 27, the source added.

Proceeds will be used to extend the company’s existing revolver and term loan by three years.

Datavant, backed by New Mountain Capital, is an Alpharetta, Ga.-based health care data logistics company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.