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WellDyneRx to launch $505 million credit facility on Tuesday
By Sara Rosenberg
New York, Sept. 9 – WellDyneRx Inc. is set to hold a bank meeting on Tuesday to launch a $505 million credit facility, according to sources.
J.P. Morgan Securities LLC, UBS Investment Bank, Jefferies Finance LLC and MUFG are the leads on the deal.
The facility consists of a $50 million revolver, a $315 million first-lien term loan and a $140 million second-lien term loan, sources said.
Proceeds will be used to help fund the buyout of the company by the Carlyle Group.
Closing is expected this year, subject to customary regulatory approvals.
WellDyneRx is a Lakeland, Fla.-based pharmacy benefit manager.
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