Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for R1 RCM Inc. > News item |
R1 RCM to launch $540 million term loan B on Thursday morning
By Sara Rosenberg
New York, April 27 – R1 RCM Inc. is set to hold a lender call at 9 a.m. ET on Thursday to launch a $540 million seven-year senior secured term loan B, according to a market source.
Barclays, JPMorgan Chase Bank, BofA Securities Inc., Capital One, Wells Fargo Securities LLC, US Bank, KeyBanc Capital Markets, PNC, Morgan Stanley Senior Funding Inc., HSBC Securities (USA) Inc. and Fifth Third are the bookrunners on the deal. BofA is the administrative agent.
The term loan has 101 soft call protection for six months, the source said.
Proceeds will be used to help fund the acquisition of Cloudmed, an Atlanta-based provider of revenue intelligence solutions for health care providers, from New Mountain Capital.
Closing is expected this quarter, subject to customary conditions.
R1 RCM is a Murray, Utah-based provider of technology-driven solutions that transform the patient experience and financial performance of health care providers.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.