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FHC Health Systems to launch $285 million credit facility on Friday
By Sara Rosenberg
New York, Oct. 23 - FHC Health Systems Inc. is scheduled to hold a bank meeting on Friday to launch its proposed $285 million credit facility, according to a market source.
Goldman Sachs is the lead bank on the deal.
The facility consists of a $15 million five-year asset-based revolver, a $10 million five-year cash flow revolver, a $175 million six-year first-lien term loan and an $85 million 61/2-year second-lien term loan, the source said.
Proceeds will be used to help back the buyout of the company by Crestview Partners.
FHC is a Norfolk, Va., provider of behavioral health care services.
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