HCA launches $1.2 billion term loan B-8 at Libor plus 225 bps

By Sara Rosenberg

New York, Jan. 31 – HCA Inc. launched a $1,197,000,000 term loan B-8 with price talk of Libor plus 225 basis points with no Libor floor and a par issue price, according to a market source.

The term loan B-8 has 101 soft call protection for six months, the source said.

Bank of America Merrill Lynch is the lead bank on the deal.

Proceeds will be used to refinance a term loan B-7 priced at Libor plus 275 bps with no Libor floor.

Commitments are due at noon ET on Feb. 7, the source added.

HCA is a Nashville, Tenn.-based health care services provider.

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