MCCI Medical Group launches $155 million first-lien credit facility

By Sara Rosenberg

New York, July 7 - MCCI Medical Group held a bank meeting on Thursday to launch a proposed $155 million credit facility, according to a market source.

GE Capital Markets and SunTrust Robinson Humphrey Inc. are the lead banks on the deal.

The facility consists of a $15 million revolver and a $140 million first-lien term loan, both talked at Libor plus 450 basis points to 500 bps with a 1.5% Libor floor and an original issue discount of 99, the source said.

The company is also getting a $40 million second-lien term loan that is not being syndicated.

Proceeds will be used to refinance existing debt and fund a dividend.

MCCI Medical Group is a Miami-based operator of medical centers.

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