CHG Healthcare talks $200 million add-on first-lien loan at 99.5 OID

By Sara Rosenberg

New York, May 12 – CHG Healthcare Services Inc. launched on Tuesday its fungible $200 million add-on first-lien term loan (B2/B) with original issue discount talk of 99.5, according to market sources.

Pricing on the add-on loan is Libor plus 325 basis points with a 1% Libor floor, in line with the existing first-lien term loan, sources said.

The first-lien term debt is getting 101 soft call protection for six months.

Goldman Sachs Bank USA, Barclays, Citigroup Global Markets Inc. and Jefferies Finance LLC are the leads on the deal.

Proceeds will be used to repay second-lien term loan borrowings.

Commitments are due on May 19, sources added.

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

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