HCA launches $1 billion term loan B-7 at Libor plus 275 bps

By Sara Rosenberg

New York, Aug. 1 – HCA Inc. held a lender call on Monday afternoon to launch a $1 billion 7.5-year term loan B-7 (BBB-) that is talked at Libor plus 275 basis points with no Libor floor and an original issue discount of 99.75, according to a market source.

The loan has 101 soft call protection for six months, the source said.

Bank of America Merrill Lynch is the lead bank on the deal.

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

Proceeds will be used to refinance some term loan B-4 borrowings.

HCA is a Nashville, Tenn.-based health care services provider.

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