Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Wedgewood Pharmacy > News item |
Wedgewood launches $220 million term loan at Libor plus 475-500 bps
By Sara Rosenberg
New York, Feb. 10 – Wedgewood Pharmacy held a lender call on Wednesday to launch a $220 million term loan B (B3/B-) with price talk of Libor plus 475 basis points to 500 bps with a 0.75% Libor floor and an original issue discount of 99, according to a market source.
The term loan has 101 soft call protection for six months, the source said.
Macquarie Capital (USA) Inc. and Natixis are the leads on the deal.
Commitments are due on Feb. 24, the source added.
Proceeds will be used to help fund the buyout of the company by Partners Group.
Wedgewood Pharmacy is a compounding pharmacy devoted to animal health.
© 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.