RxBenefits readies launch of $415 million term loan for Thursday

By Sara Rosenberg

New York, July 14 – RxBenefits Inc. (RXB Holdings Inc.) is scheduled to hold a lender call at 11 a.m. ET on Thursday to launch a $415 million first-lien term loan due Dec. 18, 2027, according to a market source.

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

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

Proceeds will be used with a privately placed $45 million add-on second-lien term loan and rollover equity to fund an acquisition and refinance existing debt.

Advent International and Great Hill Partners are the sponsors.

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

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