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Bright Horizons launches $150 million term loan at Libor plus 325 bps
By Sara Rosenberg
New York, Dec. 2 – Bright Horizons Family Solutions Inc. launched on Tuesday a $150 million non-fungible incremental term loan due January 2020 with price talk of Libor plus 325 basis points with a 1% Libor floor and an original issue discount of 99, according to a market source.
Goldman Sachs Bank USA is the lead bank on the deal.
Proceeds will be used for general corporate purposes.
Commitments are due on Monday, the source added.
Bright Horizons is a Watertown, Mass.-based leading provider of employer-sponsored child care, back-up care, early education, educational advisory services and other work/life services.
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