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Pediatric Associates to launch $600 million term loan on Thursday
By Sara Rosenberg
New York, Jan. 26 – Pediatric Associates Holding Co. LLC is scheduled to hold a lender call at 1 p.m. ET on Thursday to launch a $600 million seven-year covenant-lite first-lien term loan, according to a market source.
Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA, Deutsche Bank Securities Inc. and Citizens Bank are the lead arrangers on the deal.
The term loan has 101 soft call protection for six months, the source said.
Commitments are due at 5 p.m. ET on Feb. 10.
Proceeds will be used to fund a recapitalization and a partial equity sale of the business.
Pediatric Associates is a pediatric practice management company.
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