eviCore to launch $834 million term loan repricing on Tuesday

By Sara Rosenberg

New York, May 15 – eviCore is scheduled to hold a lender call at 11 a.m. ET on Tuesday to launch a repricing of its $834 million first-lien term loan due March 2021 that is talked at Libor plus 375 basis points with a 1% Libor floor and a par issue price, according to a market source.

The repriced loan includes 101 soft call protection for six months, the source said.

RBC Capital Markets LLC is the lead bank on the deal.

The repricing will take the existing term loan down from Libor plus 450 bps with a 1% Libor floor.

Commitments are due at noon ET on May 23, the source added.

eviCore, previously known as CareCore, is a Bluffton, S.C.-based provider of specialty benefits management services to managed care organizations, self-insured entities and risk-bearing provider organizations.

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