TriZetto readies launch of $750 million credit facility for Thursday

By Sara Rosenberg

New York, April 1 - TriZetto Group Inc. has scheduled a bank meeting for Thursday to launch a proposed $750 million credit facility, according to a market source.

RBC Capital Markets LLC is the lead bank on the deal.

The facility consists of a $100 million five-year revolver and a $650 million seven-year covenant-light term loan, the source said.

Proceeds will be used to refinance existing debt.

TriZetto is a Greenwood Village, Colo.-based health care information technology company to the health care payer industry.

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