Vizient launches $496 million term loan B at Libor plus 200 bps

By Sara Rosenberg

New York, Feb. 18 – Vizient Inc. held a lender call at 2 p.m. ET on Tuesday to launch a roughly $496 million first-lien term loan B due May 6, 2026 that is talked at Libor plus 200 basis points with a 0% Libor floor and an original issue discount of 99.75 to par, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

Barclays, BofA Securities Inc., Goldman Sachs Bank USA and J.P. Morgan Securities LLC are the bookrunners on the deal. Barclays is the administrative agent.

Commitments are due at noon ET on Feb. 25, the source added.

Proceeds will be used to refinance/reprice the company’s existing term loan B.

Vizient is an Irving, Tex.-based network of not-for-profit health care organizations.

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