Medical Media seeks $295 million credit facility

By Sara Rosenberg

New York, June 15 - Medical Media is currently in market with a new $295 million credit facility, according to a market source.

Bank of America is the lead bank on the deal.

The facility consists of a $15 million revolver talked at Libor plus 250 basis points, a $200 million term loan B talked at Libor plus 250 bps and an $80 million second-lien PIK toggle term loan talked at Libor plus 575 bps, the source said.

Proceeds will be used to refinance existing debt and fund a dividend payment.

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