RxBenefits readies launch of $300 million term loan for Thursday

By Sara Rosenberg

New York, Dec. 2 – RxBenefits Inc. (RXB Holdings Inc.) will hold a lender call at 11 a.m. ET on Thursday to launch a $300 million first-lien term loan, according to a market source.

The company is also getting a $120 million privately placed second-lien term loan, the source said.

Barclays, Deutsche Bank Securities Inc. and Goldman Sachs Bank USA are the bookrunners on the deal.

Proceeds will be used to fund a recapitalization of the company by Advent International and Great Hill Partners.

RxBenefits is a Birmingham, Ala.-based pharmacy benefits optimizer for the employee benefit industry.

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