Accredo Health in-market with $550 million credit facility

By Sara Rosenberg

New York, July 16 - Accredo Health Inc. is in-market with a $550 million credit facility (BB), according to a company spokesman.

Bank of America is the sole lead bank on the deal

The facility, which launched at a bank meeting on Thursday, consists of a $375 million seven-year term loan B and a $175 million five-year revolving credit facility, the spokesman said.

Proceeds will be used to refinance existing bank debt, fund acquisitions, including the soon to be completed Hemophilia Health Services Inc. acquisition, and for general corporate purposes, the spokesman added.

Closing on the credit facility is expected to take place in early August.

Accredo is a Memphis, Tenn., provider of specialty retail pharmacy services, clinical services, reimbursement services and delivery services.

© 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.