CHG Healthcare tightens OID on $140 million add-on term loan to 99.75

By Sara Rosenberg

New York, Nov. 28 – CHG Healthcare Services Inc. changed the original issue discount on its $140 million add-on first-lien term loan to 99.75 from revised talk of 99.5 and initial talk of 99 to 99.5, according to a market source.

Pricing on the add-on loan is Libor plus 375 basis points with a 1% Libor floor, and the debt has 101 soft call protection until June 2017.

The spread, floor and call protection on the add-on term loan match the existing first-lien term loan.

Jefferies Finance LLC is the lead bank on the deal.

Recommitments were scheduled to be due at 3 p.m. ET on Monday, the source added.

Proceeds will be used to fund a dividend.

CHG is a Salt Lake City-based health care staffing firm.

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