Radiology Partners changes OID on $240 million term loan to 99.5

By Sara Rosenberg

New York, May 2 – Radiology Partners Inc. tightened the original issue discount on its $240 million incremental first-lien term loan B (B) to 99.5 from 99, according to a market source.

Pricing on the incremental first-lien term loan is Libor plus 475 basis points with a 0% Libor floor.

The incremental first-lien term loan has 101 soft call protection until Aug. 12, 2019.

Barclays, Deutsche Bank Securities Inc., Fifth Third Bank and Golub are the bookrunners on the deal.

Recommitments were scheduled to be due at noon ET on Thursday, the source said.

The company is also getting a $120 million privately placed incremental second-lien term loan (CCC+).

Proceeds will be used to fund acquisitions currently under letters of intent.

New Enterprise Associates is the sponsor.

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

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