Agiliti launches $1.08 billion term loan B at SOFR plus 300-325 bps

By Sara Rosenberg

New York, March 9 – Agiliti Health was scheduled to hold a lender call at 1 p.m. ET on Thursday to launch a $1.075 billion seven-year term loan B that is talked at SOFR plus 300 basis points to 325 bps with a 0.5% floor and an original issue discount of 99, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

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

Proceeds will be used to refinance both of the company’s term loans into one loan.

In addition, the company plans on getting a $300 million revolving credit facility due in 2028 to refinance its existing $250 million revolver due in 2026.

Agiliti is an Eden Prairie, Minn.-based essential service provider to the U.S. health care industry.

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