TriZetto gets $150 million term loan, extends revolver maturity

By Sara Rosenberg

New York, Jan. 11 - The TriZetto Group Inc. closed on a new $150 million term loan and extended the maturity of its existing $100 million revolving credit facility to January 2011, according to a company news release.

Wells Fargo Foothill acted as the lead bank on the deal.

At close, $75 million of the term loan was drawn to help fund the acquisition of Quality Care Solutions, Inc.

TriZetto is a Newport Beach, Calif., developer, licenser and supporter of proprietary and third-party software products for the health care industry. Quality Care is a Phoenix-based provider of advanced technology enterprise products that empower health insurers, benefits administrators and health care consumers.

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