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Prospect News home > News index > List of issuers K > Headlines for Kindred Healthcare Inc. > News item
Published on 3/4/2015 in the Prospect News Bank Loan Daily.

Kindred Healthcare seeks $150 million add-on term loan at 98¾-99 OID

By Sara Rosenberg

New York, March 4 – Kindred Healthcare Inc. is in market with a $150 million add-on term loan that is talked at Libor plus 325 basis points with a 1% Libor floor and an original issue discount of 98¾ to 99, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to pay down ABL credit facility borrowings, the source said.

Kindred Healthcare is a Louisville, Ky.-based health care services company.


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