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INC Research completes merger with inVentiv Health; refinances loan facility

INC Research Holdings Inc. completed its previously announced merger with privately held inVentiv Health Inc.

INC Research shareholders own about 53% of the combined company with inVentiv Health shareholders holding the rest. The combined company will be known as INC Research/inVentiv Health until a relaunch under a new brand in 2018.

Separately, INC Research refinanced its existing credit facility with a new $1 billion term loan A facility maturing Aug. 1, 2022; $1.6 billion term loan B facility expiring Aug. 1, 2024; and a five-year revolving credit facility amounting to $500 million.