Zotec talks $305 million term loan at Libor plus 425 to 450 bps

New York, Jan. 26 – Zotec Partners launched its $305 million seven-year first-lien term loan (B3) with price talk of Libor plus 425 basis points to 450 bps, according to a market source.

The loan has a 1% Libor floor and is being offered at a price of 99.5.

There is soft call protection at 101 for six months.

The facility, launched at a meeting on Friday, also includes a $20 million revolver.

Goldman Sachs and Wells Fargo are the leads with Goldman on the left.

The facility will have a total net leverage ratio covenant.

Commitments are due by Feb. 6.

Zotec Partners is a Carmel, Ind., provider of specialized medical billing and practice management services for hospital-based physicians.

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