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American Physician to launch $520 million term loan B on Tuesday
By Sara Rosenberg
New York, Nov. 8 – American Physician Partners LLC will hold a lender call at 1 p.m. ET on Tuesday to launch a $520 million seven-year covenant-lite first-lien term loan B, according to a market source.
Deutsche Bank Securities Inc., Regions Bank and Nomura are the bookrunners on the deal.
The term loan has 101 soft call protection for six months, the source said.
Commitments are due at 5 p.m. ET on Nov. 22.
Proceeds will be used to refinance existing debt and finance acquisitions under letters of intent.
American Physician is a Brentwood, Tenn.-based emergency department management platform.
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