DJ Orthopedics seeks to reprice $98 million term loan to Libor plus 225 bps

By Paul A. Harris

St. Louis, June 28 - DJ Orthopedics Inc. is seeking to reprice $98 million of an outstanding term loan, according to a market source, who added that the transaction is expected to be completed by the end of the present week.

Wachovia Securities is leading the transaction.

Based upon present market conditions the company is seeking a 50 basis points reduction in the coupon, to Libor plus 225 basis points from Libor plus 275 basis points, according to the source.

The Vista, Calif.-based company is a global orthopedic sports medicine company specializing in the design, manufacture and marketing of products that rehabilitate soft tissue and bone injuries, help protect against injury and treat osteoarthritis of the knee.

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