Paradigm launches $700 million term loan at SOFR plus 425-450 bps

By Sara Rosenberg

New York, March 21 – Paradigm (Outcomes Group Holdings Inc.) launched on Thursday its $700 million seven-year first-lien term loan with price talk of SOFR plus 425 basis points to 450 bps with a 0% 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 company’s $800 million of credit facilities (B) also include a $100 million five-year revolver.

UBS Investment Bank is the left lead arranger on the deal.

Commitments are due at 5 p.m. ET on April 1.

Proceeds will be used to refinance existing first- and second-lien credit facilities.

Omers Private Equity is the sponsor.

Paradigm is a Walnut Creek, Calif.-based accountable, specialty care management organization.

© 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.