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Health Management Associates seeks $1.37 billion term loan repricing
By Sara Rosenberg
New York, March 13 - Health Management Associates Inc. is looking to reprice its roughly $1.37 billion term loan B to Libor plus 275 basis points with a 0.75% Libor floor from Libor plus 350 bps with a 1% Libor floor, according to sources.
The repriced loan is being offered at par and has 101 soft call protection for six months, sources said.
Wells Fargo Securities LLC is the lead bank on the deal.
Health Management is a Naples, Fla.-based operator of acute care hospitals.
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