Curo Health flexes $135 million term loan to Libor plus 375 bps

By Sara Rosenberg

New York, Feb. 24 - Curo Health Services lowered pricing on its $135 million term loan to Libor plus 375 basis points from Libor plus 400 bps, according to a market source.

Furthermore, the original issue discount on the term loan was revised to 99½ from 99, the source said.

The term loan still has a 1% Libor floor and 101 soft call protection for six months.

The company's $160 million credit facility also includes a $25 million revolver.

SunTrust Robinson Humphrey Inc. and GE Capital Markets are the leads on the deal.

Proceeds will be used to refinance existing debt and fund a dividend.

Curo Health is a Mooresville, N.C.-based provider of home health care and hospice 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.