Covenant Surgical Partners plans new debt financing for buyout by KKR

By Sara Rosenberg

New York, Aug. 8 – Covenant Surgical Partners Inc. has received a commitment for debt financing to help fund its acquisition by KKR from DFW Capital Partners, Iroquois Capital Group, PineBridge Investments and other existing shareholders, according to a news release.

Goldman Sachs and KKR Capital Markets are the leads on the debt.

Closing on the buyout is expected in the third quarter, subject to regulatory approvals and other customary conditions.

Covenant is a Nashville, Tenn.-based acquirer and operator of ambulatory surgery centers and physician practices.

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