|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
JPMorgan Chase, Capital One Lead $800MM Financing for Diplomat Pharmacy
Tuesday, December 26, 2017
|
Lenders/Participants
|
JPMorgan Chase Bank [Lead Lender]
Capital One Bank [Lead Lender]
|
|
Structure
|
Senior Secured Credit Facilities
|
|
Amount
|
$800.000
Million
|
|
Borrower(s)
|
Diplomat Pharmacy, Inc.
|
|
Description
|
Diplomat Pharmacy, Inc. has completed its acquisition of Leehar Distributors, LLC, doing business as LDI Integrated Pharmacy Services, from Nautic Partners, LLC; Oak HC/FT Partners, L.P.; and LDI management. Diplomat has also entered into new $800 million senior secured credit facilities. In conjunction with the acquisition closing, Diplomat fully syndicated an $800 million debt financing led by JPMorgan Chase Bank, N.A. and Capital One, National Association. The $800 million financing is comprised of a $250 million Revolving Credit Facility, a $150 million Term Loan A Facility, and a $400 million Term Loan B Facility. The proceeds of the debt financing will be used to finance the LDI acquisition, pay related transaction fees and expenses, refinance Diplomat's current indebtedness, and provide sufficient liquidity for the company's future needs.
|
|
Industry
|
Pharmaceutical
|
|
Location
|
MO
|
| Related Tags |
Capital One Bank, JPMorgan Chase Bank
|
ABL Advisor
Deal Tables
2025
|
|
|
|