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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Silver Point Finance Provides $225MM Term Loan Facility to Health Catalyst
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Lenders/Participants
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Silver Point Finance [Lender]
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Structure
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Term Loan
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Amount
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$225.000
Million
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Borrower(s)
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Health Catalyst, Inc.
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Description
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The Financing consists of (i) an initial term loan facility in an aggregate principal amount of $125,000,000 and (ii) a delayed draw term loan facility in an aggregate principal amount of $100,000,000. The Credit Facility closed on July 16, 2024 (the "Closing Date"), and Health Catalyst borrowed $125,000,000 of the Initial Facility (constituting the entire amount thereof) on the Closing Date. The Delayed Draw Facility remained undrawn as of the Closing Date. Health Catalyst has the option to draw (x) up to $40,000,000 under the Delayed Draw Facility at any time on or prior to the date that is six months after the Closing Date, and (y) up to an additional $60,000,000 under the Delayed Draw Facility at any time on or prior to the date that is 18 months after the Closing Date, in each case subject to certain terms and conditions. The net proceeds of the Initial Facility, together with cash on hand, will be used (x) to refinance Health Catalyst's existing convertible notes, which mature in 2025, at any time at or prior to maturity, and (y) for working capital and general corporate purposes. The proceeds of the Delayed Draw Facility may be used to fund Health Catalyst's inorganic growth strategy.
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Industry
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Technology
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Location
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UT
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Healthcare, Inc., Silver Point Capital, Silver Point Finance
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ABL Advisor
Deal Tables
2024
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