Hologic firms $1.17 billion term loan B at Libor plus 250 bps

By Sara Rosenberg

New York, Feb. 25 - Hologic Inc. finalized pricing on its $1,171,000,000 term loan B due August 2019 at Libor plus 250 basis points, the wide end of the Libor plus 225 bps to 250 bps talk, according to sources.

Also, the offer price was widened to 99 7/8 from par and the 101 soft call protection was extended to one year from six months, the source said.

The term loan still has a 0.75% Libor floor.

Goldman Sachs Bank USA is the lead bank on the deal.

Proceeds are being used to reprice an existing term loan B due August 2019 from Libor plus 275 bps with a 1% Libor floor.

Secured leverage is 2.2 times, and total leverage is 4.5 times.

Hologic is a Bedford, Mass.-based provider of diagnostics products, medical imaging systems and surgical products.

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