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Agiliti Health tightens $1.08 billion term loan OID to 99.25
By Sara Rosenberg
New York, April 25 – Agiliti Health revised the original issue discount on its $1.075 billion seven-year term loan B to 99.25 from 99, according to a market source.
Pricing on the term loan is SOFR plus 300 basis points with a 0% floor.
The term loan has 101 soft call protection for six months.
JPMorgan Chase Bank is the lead on the deal.
Proceeds are being used to refinance both of the company’s term loans into one loan.
The term loan launched on Monday after being pulled in March as a result of market volatility. In March, talk on the loan was SOFR plus 300 bps to 325 bps with a 0.5% floor and an original issue discount of 99.
Agiliti is an Eden Prairie, Minn.-based essential service provider to the U.S. health care industry.
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