debt
confidence high
sentiment neutral
materiality 0.65
Option Care Health issues $500M 4.375% senior notes due 2029, refinances $600M term loan to 2028
Option Care Health, Inc.
- Issued $500M aggregate principal of 4.375% senior notes due 2029 at 100% issue price.
- Entered new $600M first lien term loan facility maturing October 2028, LIBOR+2.75% margin.
- Amended ABL revolving credit facility, extending maturity to October 2026 and lowering margin.
- Proceeds used to refinance existing first lien term loan B facility and pay fees.