AssuraMed to launch $660 million credit facilities Wednesday afternoon

By Paul A. Harris

Portland, Ore., Oct. 1 - AssuraMed Holding, Inc. has scheduled a bank meeting on Wednesday afternoon in New York for its $660 million of new credit facilities, according to an informed source.

The deal includes a $440 million seven-year first-lien term loan and a $220 million 7.5-year second-lien term loan.

Morgan Stanley & Co. LLC and SunTrust Robinson Humphrey Inc. are the joint lead arrangers.

Fifth Third Securities Inc., Goldman Sachs & Co., Jefferies & Co., J.P. Morgan Securities LLC, GE Capital and ING are the joint bookrunners.

Proceeds will be used to refinance the balance sheet and to fund a dividend to shareholders.

AssuraMed, formerly known as Harrington Group, Inc., is a Cleveland-based supplier of disposable medical products to chronic disease patients.

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