Golden State to launch $470 million credit facilities on Wednesday

By Sara Rosenberg

New York, June 3 – Golden State Medical Supply is set to hold a bank meeting at 10 a.m. ET on Wednesday to launch $470 million of credit facilities, according to a market source.

SunTrust Robinson Humphrey Inc. and Antares Capital are the leads on the deal.

The facilities consist of a $40 million revolver, a $300 million covenant-lite first-lien term loan and a $130 million covenant-lite second-lien term loan, the source said.

Proceeds will be used to help fund the buyout of the company by Court Square.

Golden State Medical is a Camarillo, Calif.-based generic pharmaceutical supplier.

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