Southern Veterinary places $200 million incremental term loan

By Sara Rosenberg

New York, Jan. 31 – Southern Veterinary Partners LLC placed a fungible $200 million incremental first-lien term loan due October 2027, according to a market source.

Pricing on the incremental first-lien term loan is Libor plus 400 basis points with a 1% Libor floor, in line with existing first-lien term loan pricing.

Golub Capital acted as the lead arranger on the deal.

Proceeds were used to fund acquisitions.

Southern Veterinary is a Birmingham, Ala.-based provider of general practice veterinary services.

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