ComPsych amends term loan, extending maturity, increasing size

By Sara Rosenberg

New York, March 18 - ComPsych Corp. amended its term loan to extend the maturity by three years to March 18, 2016 and completed a $37 million add-on, according to a market source.

The $112.4 million term loan, including the incremental debt, is priced at Libor plus 450 basis points with a 1.5% Libor floor, the source said.

Proceeds from the term loan add-on were used to refinance senior subordinated notes.

UBS acted as the bookrunner on the deal.

ComPsych is a Chicago-based provider of employee assistance programs and behavioral health, work-life, wellness, outsourced HR and FMLA administration services.

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