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HealthPort gets $305 million term loan, $25 million revolver
By Angela McDaniels
Tacoma, Wash., April 25 - HealthPort Inc. entered into a $330 million senior secured credit facility during the first quarter.
The facility includes a $305 million term loan and a $25 million revolver.
GE Capital Markets and Ares Capital Corp. were the joint lead arrangers and joint bookrunners.
The proceeds were used to support the recapitalization of the company by its private equity sponsor ABRY Partners, LLC, according to a news release from the bookrunners.
The credit facility was arranged under a program through which Ares Capital and GE Commercial Finance Investment Advisory Services LLC invest in the senior secured debt of middle-market companies.
HealthPort is an Alpharetta, Ga., provider of health-care information technology systems.
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