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National Mentor to refinance loans, tender for bonds in conjunction with management-led buyout
By Sara Rosenberg
New York, March 22 - National Mentor Holdings Inc. plans to refinance its term loan B and revolving credit facility bank debt, as well as tender for its 9 5/8% senior subordinated notes due 2012 in connection with its buyout by management and Vestar Capital Partners, according to a company news release.
Management and Vestar Capital are buying National Mentor from Madison Dearborn Partners and other stockholders.
The transaction is expected to close in June.
National Mentor is a Boston-based provider of home and community-based human services for individuals with developmental disabilities and acquired brain injuries, as well as for at-risk youth.
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