Option Care flexes $250 million term loan to Libor plus 375-400 bps

By Sara Rosenberg

New York, Jan. 15 – Option Care Health Inc. reduced price talk on its $250 million add-on term loan to a range of Libor plus 375 basis points to 400 bps from Libor plus 450 bps, according to a market source.

Furthermore, the original issue discount talk on the term loan was changed to a range of 99.5 to 99.75 from just 99.5, the source said.

The term loan has a 0% Libor floor.

BofA Securities Inc. is the lead on the deal.

Commitments are due at 5 p.m. ET on Tuesday, 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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