DuPage Medical to launch $620 million in term loans on Monday

By Sara Rosenberg

New York, July 27 – DuPage Medical Group is scheduled to hold a bank meeting at 10:30 a.m. ET on Monday to launch $620 million in term loans, according to a market source.

Credit Suisse Securities (USA) LLC, Barclays, Nomura, Citizens Bank and Citigroup Global Markets Inc. are the lead banks on the deal.

The debt is split between a $430 million seven-year first-lien term loan and a $190 million eight-year second-lien term loan, the source said.

Included in the first-lien term loan is 101 soft call protection for six months, and the second-lien term loan has call protection of 102 in year one and 101 in year two.

Proceeds will be used for acquisition financing and to refinance existing debt.

Commitments are due at 5 p.m. ET on Aug. 14, the source added.

DuPage is a Downers Grove, Ill.-based multi-specialty physician group.

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