eviCore lifts pricing on $834 million term loan to Libor plus 400 bps

By Sara Rosenberg

New York, May 23 – eviCore revised pricing on its $834 million first-lien term loan due March 2021 to Libor plus 400 basis points from Libor plus 375 bps, according to a market source.

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

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

Commitments were scheduled to be due at 3 p.m. ET on Tuesday, the source said.

Proceeds will be used to reprice an existing term loan down from Libor plus 450 bps with a 1% Libor floor.

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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