Fitch rates Owens & Minor loan BB+

Fitch Ratings said it assigned BB+/RR2 senior secured debt ratings to the planned term loan to be borrowed by Owens & Minor Medical, Inc. Barista Acquisition I, LLC, Barista Acquisition II, LLC, Owens & Minor Distribution, Inc. O&M Halyard, Inc., and Byram Healthcare Centers, Inc. These issuers are subsidiaries of Owens & Minor, Inc.

The proceeds will be used to fund the acquisition of previously announced acquisition of Apria Inc.

“The proposed acquisition of Apria, Inc. is strategically sound and will permit OMI to remain within the current rating sensitivities that Fitch set at the time of the LT IDR upgrade to BB- (March 2021). Fitch believes that the addition of Apria will complement the business of Byram Healthcare, diversifies OMI's revenues streams into higher margin operations and will contribute meaningful FCF,” Fitch said in a press release.

The outlook is stable.

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