United Surgical to launch $150 million add-on term loan on Thursday

By Sara Rosenberg

New York, Dec. 12 - United Surgical Partners International Inc. is scheduled to hold a conference call at 11 a.m. ET on Thursday to launch a proposed $150 million add-on term loan B due 2019, according to market sources.

J.P. Morgan Securities LLC and Barclays are the lead banks on the deal.

Pricing on the add-on is talked at Libor plus 475 basis points with a 1.25% Libor floor and an original issue discount that is still to be determined, sources said.

Proceeds will be used to repay revolver borrowings, pre-fund a pending acquisition and fund a dividend.

United Surgical is an Addison, Texas-based owner and operator of ambulatory surgery centers and surgical hospitals.

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