Surgery Partners subsidiary receives commitments for $1.4B new term loan; refinances 2026 debt

Surgery Partners, Inc.

New $1.4B senior secured term loan at SOFR+3.50%, maturing 7 years after closing.
Also expects $703.75M revolving credit facility (refinanced and increased), maturing 5 years after closing.
Proceeds to repay existing term loan due 2026 and fund transaction fees & expenses.
CFO cites more favorable terms, extended maturity, lower interest costs, and increased liquidity.
Closing expected in December 2023, subject to customary conditions.

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