Healthcare software specialist RLDatix is to refinance its existing debt facilities with a new $2bn-plus private credit loan led by Blue Owl Capital, with Ares Management and Golub Capital also significant participants in the deal, according to a report by Bloomberg.
The report cites people with knowledge of the matter as confirming that the package includes a $1.6bn seven-year term loan, a $250m delayed-draw term loan, and a $200m revolver.
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According to Bloomberg’s sources, the interest rate margin for the term loan is in the low 5 percentage points over the Secured Overnight Financing Rate. RLDatix, which is owned by private equity firm TA Associates, Nordic Capital and Five Arrows, is also raising more than $300 million of debt through a payment-in-kind instrument at one of its holding companies, they said.
Source: Private Equity Wire
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