MBF Healthcare sets Oct. 1 launch for $209 million credit facility

By Sara Rosenberg

New York, Sept. 8 - MBF Healthcare Acquisition Corp. has scheduled a bank meeting for Oct. 1 to launch its proposed $209 million senior secured credit facility, according to a market source.

CIT and Jefferies are the lead banks on the deal, with CIT the left lead.

The facility consists of a $25 million revolver, a $142 million funded term loan and a $42 million delayed-draw term loan, the source said, adding that tranche sizes are subject to slight change.

Proceeds will be used to help fund the acquisition of Critical Homecare Solutions Holdings Inc. from Kohlberg & Co. LLC.

Other financing will come from $67 million of mezzanine debt.

MBF Healthcare is a Coral Gables, Fla., blank check company formed to acquire businesses in the health care industry. Critical Homecare Solutions is a Conshohoken, Pa., provider of comprehensive home infusion therapy and specialty infusion services.

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