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Misys Diagnostic to launch $225 million credit facility on Tuesday
By Sara Rosenberg
New York, Sept. 21 - Misys Diagnostic Systems is scheduled to hold a bank meeting on Tuesday to launch its proposed $225 million senior secured credit facility, according to a market source.
UBS Investment Bank and Jefferies are the lead banks on the deal.
The facility consists of a $25 million six-year revolver and a $200 million seven-year first-lien term loan, the source said.
Proceeds will be used to help fund the buyout of the company by Vista Equity Partners, LLC from Misys Healthcare Systems.
Misys Diagnostic is a provider of technology services for hospitals.
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