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Select Medical gets $100 million incremental term loan B
By Sara Rosenberg
New York, March 30 - Select Medical Corp. closed on a $100 million incremental term loan B that is being used to help fund the purchase of the outpatient rehabilitation division of HealthSouth Corp., according to a an 8-K filed with the Securities and Exchange Commission Friday.
The incremental debt is priced at Libor plus 200 basis points.
JPMorgan acted as the lead bank on the deal that was completed on March 28.
Select Medical is a Mechanicsburg, Pa., operator of specialty hospitals.
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