Option Care to launch $250 million add-on term loan on Thursday

By Sara Rosenberg

New York, Jan. 13 – Option Care Health Inc. is scheduled to hold a lender call at noon ET on Thursday to launch a fungible $250 million add-on term loan, according to a market source.

BofA Securities Inc. is the lead on the deal.

Proceeds will be used to repay existing second-lien PIK notes.

The company’s existing term loan is priced at Libor plus 450 basis points with a 0% Libor floor.

Option Care is a Bannockburn, Ill.-based provider of home and alternate treatment site infusion therapy services.

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