Help at Home finalizes $205 million term loan at 96.5 OID

By Sara Rosenberg

New York, March 29 – Help at Home (HAH Group Holding Co. LLC) firmed the original issue discount on its non-fungible $205 million incremental first-lien term loan due Oct. 29, 2027 (B1/B-) at 96.5, the wide end of the 96.5 to 97 talk, according to a market source.

Pricing on the incremental term loan is SOFR+CSA plus 500 basis points with one leverage-based step-down and one initial public offering-based step-down, and a 1% floor.

CSA is 10 bps one-month rate, 15 bps three-month rate and 25 bps six-month rate.

Jefferies LLC, Barclays, UBS Investment Bank and BMO Capital Markets are the arrangers on the deal.

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.

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