R1 RCM gets commitments for $295 million first-lien credit facility

By Tali Rackner

Minneapolis, Feb. 26 – R1 RCM Inc. entered into a debt commitment letter for a $295 million first-lien senior secured credit facility, according to an 8-K filing with the Securities and Exchange Commission.

Of the total amount, $270 million is a seven-year term loan facility and $25 million is a five-year revolving credit facility.

Revolving loans, if funded, will mature in five years and term loans will mature in seven years.

The company entered into the letter on Friday with Bank of America, NA, Merrill Lynch, Pierce, Fenner & Smith Inc. and Ares Capital Management LLC on behalf of one or more funds and accounts managed directly or indirectly by Ares Capital.

Based in Chicago, R1 RCM provides revenue cycle management and physician advisory services for healthcare providers in the United States.

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