21st Century Oncology to launch $695 million facility on Tuesday

By Sara Rosenberg

New York, April 13 – 21st Century Oncology Inc. is scheduled to hold a bank meeting at 2:30 p.m. ET in New York on Tuesday to launch a $695 million senior credit facility, according to a market source.

Morgan Stanley Senior Funding Inc., Deutsche Bank Securities Inc., KeyBanc Capital Markets LLC and HSBC Bank are the leads on the deal.

The facility consists of a $125 million revolver and a $570 million first-lien term loan, the source said.

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

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