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AHP Health readies launch of $797 million term loan B for Tuesday
By Sara Rosenberg
New York, Feb. 12 – AHP Health Partners Inc. is scheduled to hold a lender call at 10:30 a.m. ET on Tuesday to launch a $797 million first-lien term loan B due June 30, 2025, according to a market source.
Barclays is the left lead arranger on the deal and the administrative agent.
Price talk on the term loan is Libor plus 375 basis points with a 1% Libor floor and a par issue price, the source said.
The term loan has 101 soft call protection for six months.
Commitments are due at 5 p.m. ET on Thursday, the source added.
Proceeds will be used to reprice an existing term loan B.
AHP Health is a Nashville, Tenn.-based provider of comprehensive, cost-effective healthcare and related services.
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