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Concentra shops $1.17 billion term loan at Libor plus 250 bps
By Sara Rosenberg
New York, Oct. 10 – Concentra Group Holdings LLC is seeking a $1.17 billion term loan that is talked at Libor plus 250 basis points with a 0% Libor floor and a par issue price, according to a market source.
J.P. Morgan Securities LLC is the lead bank on the deal.
Proceeds will be used to reprice an existing term loan.
Concentra is an Addison, Texas-based occupational medicine and urgent care service provider that was created through a joint venture between Select Medical Corp., Welsh, Carson, Anderson & Stowe and other minority equity holders including Cressey & Co.
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