Option Care launches $250 million add-on term loan at 99.5 OID

By Sara Rosenberg

New York, Jan. 14 – Option Care Health Inc. launched on Thursday its fungible $250 million add-on term loan with original issue discount of 99.5, according to a market source.

Pricing on the add-on term loan is Libor plus 450 basis points with a 0% Libor floor, in line with existing term loan pricing.

BofA Securities Inc. is the lead on the deal.

Commitments are due at 2 p.m. ET on Friday, the source added.

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

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

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