Ensemble launches $1.7 billion term loan B at SOFR plus 325-350 bps

By Sara Rosenberg

New York, Jan. 11 – Ensemble launched on Thursday its $1.7 billion term loan B due August 2029 with price talk of SOFR plus 325 basis points to 350 bps with a 0% floor and an original issue discount of 99.5, according to a market source.

The term loan has 101 soft call protection for six months, no CSA and amortization of 1% per annum, the source said.

Goldman Sachs Bank USA is the left lead arranger on the deal.

Commitments are due at 5 p.m. ET on Jan. 18, the source added.

Proceeds will be used to refinance an existing $1.7 billion term loan B due 2026 that is priced at SOFR+10 bps CSA plus 375 bps with a 0% floor.

Berkshire Partners, Warburg Pincus and Golden Gate Capital are the sponsors.

Ensemble is a Cincinnati-based provider of technology-enabled, end-to-end revenue cycle management services to hospitals and health systems.

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