CityMD completes $891M term loan repricing tight to talk; terms

CityMD has completed a repricing of its $891 million covenant-lite first-lien term loan due August 2026 tight to talk via a Credit Suisse-led arranger group, according to sources. With this transaction the issuer lowers pricing on the loan to L+375 with a 0.75% Libor floor, from L+450 with a 1% floor. The repriced loan was issued at par with the 101 soft call reset for six months. The company is also upsizing its revolver to $200 million, from $150 million, according to S&P Global Ratings. The borrower is WP CityMD Bidco LLC. CityMD, backed by Warburg Pincus, is an urgent care provider operating in New York, New Jersey and Washington state. Terms: