VCA Antech completes $600 million senior secured credit facility

By Sara Rosenberg

New York, Aug. 19 - VCA Antech Inc. closed on its new $600 million senior secured credit facility (Ba2/BB+), according to a news release.

Wells Fargo and Bank of America acted as the lead banks on the deal.

The facility consists of a $500 million term loan and a $100 million revolver, with both tranches priced at Libor plus 225 basis points.

Proceeds were used to refinance the company's existing credit facility that matures in May 2011.

VCA is a Los Angeles-based owner, operator and manager of freestanding veterinary hospitals and veterinary-exclusive clinical laboratories, and supplier of diagnostic imaging equipment to the veterinary industry.

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