US Anesthesia launches $200 million add-on term loan B at 99-99.5 OID

By Sara Rosenberg

New York, June 11 – US Anesthesia Partners launched on Tuesday its fungible $200 million add-on senior secured first-lien term loan B (B1/B) due June 23, 2024 with original issue discount talk of 99 to 99.5, according to a market source.

Pricing on the add-on term loan is Libor plus 300 basis points with a 1% Libor floor, in line with existing term loan B pricing.

Goldman Sachs Bank USA, Barclays, J.P. Morgan Securities LLC, Morgan Stanley Senior Funding Inc., BMO Capital Markets, Capital One and Antares Capital are the leads on the deal.

Commitments are due on Monday, the source said.

Proceeds will be used to fund tuck-in and platform acquisitions, repay an outstanding revolving credit facility balance, and pay related fees and expenses.

US Anesthesia is a Fort Lauderdale, Fla.-based physician-service organization that focuses on providing anesthesia and pain management services to patients.

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