All Metro lifts revolver and term loan B pricing to Libor plus 475 bps

By Sara Rosenberg

New York, May 1 – All Metro Health Care increased pricing on its $30 million five-year revolver and $225 million six-year term loan B to Libor plus 475 basis points from Libor plus 450 bps, according to a market source.

As before, the revolver has no floor, the term loan has a 1% Libor floor and 101 soft call protection for six months, and both tranches are offered at an original issue discount of 99.

Capital One and BMO Capital Markets Corp. are the bookrunners on the deal.

Commitments are due at noon ET on May 10, extended from May 4, the source said.

Proceeds will be used to refinance existing bank debt.

All Metro, a One Equity Partners portfolio company, is a Valley Stream, N.Y.-based provider of home care services in New York, Pennsylvania, New Jersey and Florida.

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