Jobson Medical $147 million credit facility to launch Thursday

By Sara Rosenberg

New York, April 18 - Jobson Medical Information LLC is scheduled to hold a bank meeting on Thursday to launch its proposed $147 million credit facility, according to a market source.

TD Securities is the lead bank on the deal.

The facility consists of a $15 million five-year revolver, a $107 million 51/2-year term loan B and a $25 million 12-month availability, 51/2-year final maturity delayed-draw term loan B, the source said.

Price talk on the deal is expected to emerge with the Thursday launch, the source added.

Proceeds will be used to refinance existing debt and to allow for the collapse of a smaller Wicks Medical Information LLC portfolio company that operates in the same sector into the Jobson entity.

Jobson is a N.Y-based specialty health care communications, publishing and medical education company that was acquired by Wicks Medical last year.

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