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RegionalCare reprices first-lien term loan at Libor plus 425 bps
By Sara Rosenberg
New York, May 6 – RegionalCare Hospital Partners (RCHP Inc.) repriced its roughly $340.8 million first-lien term loan due April 23, 2019 to Libor plus 425 basis points from Libor plus 500 bps, according to a market source.
The first-lien term loan still has a 1% Libor floor.
With the repricing, the 101 soft call protection for one year on the first-lien term loan was refreshed, the source added.
The repriced loan was issued at par.
UBS AG is the lead on the deal.
RegionalCare is a Brentwood, Tenn.-based operator of general acute-care hospitals.
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