Sharp Services to launch $852 million term loan on Thursday

By Sara Rosenberg

New York, March 20 – Sharp Services LLC is set to hold a lender call on Thursday to launch an $852 million term loan, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

Price talk on the term loan is SOFR plus 375 basis points to 400 bps with a par issue price, the source said.

Proceeds will be used to reprice and combine the company’s existing first-lien term loans.

Sharp Services is a provider of pharmaceutical packaging and clinical services.

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