Southern Veterinary gets $150 million incremental term loan

By Sara Rosenberg

New York, Sept. 5 – Southern Veterinary Partners LLC privately placed a fungible $150 million incremental first-lien term loan that is priced at SOFR+CSA plus 400 basis points, according to a market source.

CSA is ARRC standard of 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.

Golub Capital acted as the left lead arranger on the incremental term loan. Jefferies is the administrative agent.

Proceeds are being used to fund acquisition activity.

Closing on the incremental term loan took place during the week of Aug. 28, the source added.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.