debt
confidence high
sentiment neutral
materiality 0.55
LifeStance enters new $290M term loan and $100M revolver, repays existing facility
LifeStance Health Group, Inc.
- New senior secured term loan of $290M funded on Dec 19, 2024; revolving facility commitments of $100M available.
- Both facilities mature on fifth anniversary of closing (Dec 2029).
- Interest: SOFR + 3.00% (or base + 2.00%) with leverage-based stepdowns; undrawn commitment fee 0.45% p.a.
- Proceeds used to repay all outstanding loans under prior credit agreement (dated May 2022), which was terminated.
- Obligations guaranteed by Holdings and subsidiaries, secured by substantially all assets.