Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for HAH Group Holding Co. LLC > News item |
Help at Home launches $205 million term loan at 96.5 to 97 OID
By Sara Rosenberg
New York, March 23 – Help at Home (HAH Group Holding Co. LLC) launched on Wednesday its non-fungible $205 million incremental first-lien term loan due Oct. 29, 2027 with original issue discount talk of 96.5 to 97, according to a market source.
Price talk on the incremental term loan is SOFR+CSA plus 500 basis points with a 1% floor.
CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.
Jefferies LLC, Barclays and UBS Investment Bank are the arrangers on the deal.
Commitments are due at 2 p.m. ET on Tuesday, the source added.
Proceeds will be used to fund the acquisition of Edison Home Health Care and Preferred Home Care of New York.
In connection with this transaction, pricing on the company’s existing term loan will transition to SOFR+CSA plus 500 bps with a 1% floor from Libor plus 500 bps with a 1% floor. CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.
Help at Home is a Chicago-based provider of home care and support to the elderly and people with disabilities in their homes and community-based settings.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.