debt
confidence high
sentiment neutral
materiality 0.55
Bright Horizons closes $450M Term B loan facility, extends maturity to 2032
BRIGHT HORIZONS FAMILY SOLUTIONS INC.
- New $450M 2025 Term B Loan refinances existing term loans; matures August 21, 2032.
- Interest rate: Base Rate +0.75% or Term SOFR +1.75% (SOFR floor 0.00%).
- Revolving loan facility maturity extended to April 17, 2030 under amended credit agreement.
- Proceeds used to repay all outstanding Existing Term B Loans plus accrued interest and fees.
- JPMorgan Chase acted as left lead arranger and bookrunner; other banks as joint lead arrangers.
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