Radiology Partners firms $300 million term loan at 99.27 OID

By Sara Rosenberg

New York, Aug. 12 – Radiology Partners Inc. finalized the original issue discount on its fungible $300 million incremental first-lien term loan due July 9, 2025 at 99.27, the tight end of the 98.5 to 99.27 talk, according to a market source.

Pricing on the incremental term loan is Libor plus 425 basis points with a 0% Libor floor, in line with existing term loan pricing.

The incremental term loan and the existing term loan are getting 101 soft call protection for six months.

Barclays is the left bookrunner on the deal and the administrative agent.

Proceeds will be used to finance three near-term acquisitions under letters of intent, with an aggregate purchase price of about $362 million, that are expected to close this month.

Pro forma for the transaction, the first-lien term loan will total $1.64 billion.

Radiology Partners is an El Segundo, Calif.-based radiology physician practice management company.

© 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.