Press Ganey to launch $445 million credit facility on Thursday

By Sara Rosenberg

New York, March 28 - Press Ganey Associates Inc. is set to hold a bank meeting at 10 a.m. ET on Thursday to launch a proposed $445 million credit facility, according to a market source.

Barclays Capital Inc., Goldman Sachs & Co. and GE Capital Markets are the lead banks on the deal.

The facility consists of a $20 million revolver, a $335 million first-lien term loan B and a $90 million second-lien term loan, the source said.

Proceeds will be used to refinance existing debt.

Press Ganey is a South Bend, Ind.-based provider of health care performance improvement services.

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