Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Covenant Surgical Partners, Inc. > News item |
Covenant Surgical $75 million add-on term loan prices at OID of 99
By Sara Rosenberg
New York, Dec. 3 – Covenant Surgical Partners Inc. recently wrapped syndication of a $75 million add-on term loan that is priced at Libor plus 475 basis points with a 0% Libor floor and an original issue discount of 99, according to a market source.
KKR Capital Markets is the lead on the deal that allocated on Friday.
Proceeds are earmarked for future acquisitions.
Covenant Surgical is a Nashville, Tenn.-based acquirer and operator of ambulatory surgery centers and physician practices.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.