21st Century Oncology to launch $640 million facility on Wednesday

By Sara Rosenberg

New York, May 6 - 21st Century Oncology Inc. is set to hold a bank meeting at 2:30 p.m. ET in New York on Wednesday to launch a $640 million credit facility, according to a market source.

Morgan Stanley Senior Funding Inc., J.P. Morgan Securities LLC, GE Capital Markets and Wells Fargo Securities LLC are the lead banks on the deal.

The facility consists of a $210 million revolver and a $430 million first-lien senior secured term loan, the source said.

21st Century Oncology is a Fort Myers, Fla.-based provider of cancer care services.

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