Summit Behavioral Healthcare allocates $796 million repriced loan

Chicago, April 26 – Summit Behavioral Healthcare, LLC repriced and allocated its approximately $796 million first-lien term loan due Nov. 24, 2028 (B3/B-) on Friday, according to a market source.

The deal priced on top of talk, at SOFR plus 425 basis points with a 0.75% floor, at par.

The repricing removed the credit spread adjustment.

The 101 soft call protection resets for six months.

Jefferies was the lead arranger.

Summit is a Franklin, Tenn.-based behavioral health care services provider.

© 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.