FastMed sets Thursday bank meeting for $525 million term loan debt

By Paul A. Harris

Portland, Ore., Jan. 22 – FastMed Urgent Care set a bank meeting at 10 a.m. ET on Thursday to launch $525 million of term loan debt, according to a market source.

The deal features a $400 million seven-year first-lien term loan and a $125 million eight-year second-lien term loan.

Bookrunner Barclays is the agent. SG and Antares are also bookrunners.

The Clayton, N.C.-based provider of walk-in clinic services plans to use the proceeds to fund the acquisition of NextCare Holdings.

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