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Medical Solutions to launch $370 million of term loans on Wednesday
By Sara Rosenberg
New York, Sept. 16 – Medical Solutions is set to hold a bank meeting on Wednesday to launch $370 million of incremental term loans, according to a market source.
UBS Investment Bank and Madison Capital Funding are the joint bookrunners on the deal.
The debt consists of a $270 million incremental first-lien term loan and a $100 million incremental second-lien term loan.
Proceeds will be used to fund the acquisition of C&A Industries Inc.
Closing is expected by the end of the third quarter, subject to customary conditions, including regulatory clearance.
Medical Solutions is an Omaha-based health care staffing company. C&A is an Omaha-based staffing and recruitment firm.
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