MCCI Medical seeks $325 million credit facility for refinancing

By Sara Rosenberg

New York, April 4 - MCCI Medical is in market with a $325 million credit facility that is being shopped to pro rata investors, according to a market source.

Fifth Third Securities Inc., SunTrust Robinson Humphrey Inc. and Wells Fargo Securities LLC are the lead banks on the deal that launched with a bank meeting on Wednesday.

The facility consists of a $100 million revolver and a $225 million five-year term loan, both talked at Libor plus 250 basis points with no Libor floor, the source said.

Commitments are due on April 17.

Proceeds will be used to refinance existing debt.

Pro forma adjusted leverage is 3.8 times, the source added.

MCCI is a Miami-based operator of medical centers.

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