HCA marketing $2 billion term loan B-5 at Libor plus 275 bps

By Sara Rosenberg

New York, April 25 - HCA Inc. is seeking a $2 billion term loan B-5 that is talked at Libor plus 275 basis points with no Libor floor and a par offer price, according to a market source.

BofA Merrill Lynch, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Wells Fargo Securities LLC and Deutsche Bank Securities Inc. are the lead banks on the deal.

Proceeds will be used to refinance a term loan B-2 that is priced at Libor plus 325 bps with no Libor floor.

Commitments are due on Monday, the source added.

HCA is a Nashville-based healthcare company.

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