LEVERAGED LOANS

摘要

Ambulatory services provider amsurc is lining up US$3.7bn of debt to finance its proposed US$7.8bn merger with physician services organisation TeamHealth Holdings. The debt will consist of both loans and bonds. The company said it might also raise up to US$500m through an equity offering. As part of the deal, about US$2.6bn of TeamHealth debt would be refinanced. Guggenheim and JP Morgan have provided a highly confident letter to AmSurg regarding financing. As part of the proposed deal, AmSurg would also finance TeamHealth's acquisition of IPC Healthcare. TeamHealth agreed in August to buy IPC Healthcare for US$1.4bn - a deal that AmSurg is supporting. If the IPC acquisition closes before the AmSurg/TeamHealth merger, TeamHealth would arrange up to US$2.1bn of new debt to replace TeamHealth's existing debt commitments.