Option Care launches $600 million term loan at Libor plus 300-325 bps

By Sara Rosenberg

New York, Oct. 18 – Option Care Health Inc. launched on its call on Monday a $600 million term loan B that is talked at Libor plus 300 basis points to 325 bps with a 0.5% Libor floor and an original issue discount of 99.5, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

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 refinance existing debt.

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

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