Advancing Eyecare allocates credit facilities; Imperial Dade readies incremental loan

By Sara Rosenberg

New York, May 31 – In new loan happenings on Tuesday, Advancing Eyecare priced and allocated its credit facilities during market hours.

Advancing Eyecare completed its $250 million seven-year first-lien term loan and $50 million delayed-draw first-lien term loan at pricing of SOFR+CSA plus 575 basis points with a 0.5% floor and an original issue discount of 97.5, according to a market source.

CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.

The term loan debt has 101 soft call protection for one year, the source continued.

The company’s $340 million of credit facilities (B3/B-) also include a $40 million five-year revolver.

Furthermore, Imperial Dade (BCPE Empire Holdings Inc.) joined this week’s new issue calendar with plans for an incremental first-lien term loan and announced price talk on the transaction.

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