BioScrip to get new credit facility, including $325 million term loan

By Sara Rosenberg

New York, April 16 - BioScrip Inc. plans on getting a new senior secured credit facility that will include a revolver and a roughly $325 million term loan, according to a news release.

SunTrust Robinson Humphrey Inc., Jefferies Finance LLC and Morgan Stanley Senior Credit Funding Inc. are leading the deal.

Proceeds will be used to refinance an existing asset-based revolver, to redeem 10¼% senior unsecured notes and for working capital and general corporate purposes.

BioScrip is an Eden Prairie, Minn.-based provider of comprehensive infusion and home care solutions.

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