other material
confidence high
sentiment positive
materiality 0.70
Definitive Healthcare closes IPO of 17.9M shares at $27, raising ~$483M
Definitive Healthcare Corp.
- Closed IPO of 17,888,888 shares (includes overallotment) at $27.00/share, gross proceeds ~$483M.
- Entered $275M term loan A and $75M revolver due 2026 with Bank of America, replacing existing debt.
- Term loan amortizes quarterly starting Dec 2021: 2.5%/yr first two years, then 5%/yr.
- Interest rate options: base rate + 0.75%-1.25% or LIBOR + 1.75%-2.25%, based on leverage.
- Facilities secured by substantially all assets of DHH and its guarantors.