Renal Advantage to launch new credit facility next week for merger

By Sara Rosenberg

New York, Nov. 9 - Renal Advantage is expected to hold a bank meeting during the week of Nov. 15 to launch a credit facility that will be used to help fund its merger with Liberty Dialysis, according to a market source.

Barclays and Bank of America are the lead banks on the deal.

More details on the financing are anticipated to come out soon, the source said.

Closing on the merger is expected to occur by Dec. 31.

Brentwood, Tenn.-based Renal Advantage and Franklin, Tenn.-based Liberty Dialysis are providers of dialysis services.

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