ATI Physical Therapy to launch $335 million credit facility next week

By Sara Rosenberg

New York, Jan. 8 - ATI Physical Therapy Inc. is planning on holding a bank meeting during the week of Jan. 14 to launch a $335 million secured credit facility, according to a market source.

Jefferies & Co. and Ally Commercial Finance are leading the deal.

The facility consists of a $50 million revolver and a $285 million seven-year term loan B, the source said.

Proceeds will be used to back the buyout of the company by KRG Capital Partners from GTCR that was completed in December.

Other funds for the transaction will come from $160 million of mezzanine debt from Crescent Mezzanine Partners and equity.

ATI Physical Therapy is a Bolingbrook, Ill.-based operator of physical therapy clinics.

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