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Ardent Health firms $900 million term loan at Libor plus 350 bps
By Sara Rosenberg
New York, Aug. 4 – Ardent Health Services (AHP Health Partners Inc.) finalized pricing on its $900 million seven-year term loan B (B) at Libor plus 350 basis points, the low end of the Libor plus 350 bps to 375 bps talk, according to a market source.
The term loan still has a 0.5% Libor floor, an original issue discount of 99.5 and 101 soft call protection for six months.
BofA Securities Inc., Barclays and JPMorgan Chase Bank are the joint lead arrangers on the deal. Capital One and Regents Bank are co-managers.
Proceeds will be used to refinance existing term loans.
Ardent is a Nashville-based provider of comprehensive, cost-effective health care and related services.
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