Triumph HealthCare $270 million credit facility to launch Thursday

By Sara Rosenberg

New York, Aug. 3 - Triumph HealthCare LLC is scheduled to hold a bank meeting on Thursday to launch its proposed $270 million credit facility, according to a market source.

BNP Paribas is the lead bank on the deal.

The facility consists of a $35 million revolving credit facility talked at Libor plus 325 basis points, a $140 million term loan B talked at Libor plus 325 bps and a $95 million second-lien term loan talked at Libor plus 750 bps, the source said.

Proceeds will be used to fund the acquisition of SSCI.

Triumph HealthCare is a Houston-based privately owned hospital company.

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