
据知情人士透露,住院医生公司(Inpatient Physicians Inc.)正接近与现有贷款人达成10亿美元的再融资协议,其中包括Monarch Alternative Capital和PGIM。
Inpatient Physicians Inc. is close to clinching a $1 billion refinancing with existing lenders, including Monarch Alternative Capital and PGIM, according to people familiar with the matter.
知情人士表示,该公司在6月未能通过银团贷款市场筹集足够的投资者需求来重新融资其债务后,转向了私募交易。这些知情人士因信息尚未公开而要求匿名。该交易预计将于下周完成,并将使公司的债务期限延长五年。利率预计将高于基准利率6个百分点。
The company pivoted to a private deal after failing to drum up enough investor demand to refinance its debt through the syndicated loan market in June, said the people, who asked not to be named because the information isn’t public. The transaction is expected to close next week and extend the company’s debt by five years. It will offer an interest rate of 6 percentage points above the benchmark, the people said.
知情人士称,巴克莱银行(Barclays Plc)今年夏天一直在主导该银团交易,原计划在修改一些融资条款后于稍后重新启动该贷款。但由于近期债券收益率激增,该计划已发生变化。
Barclays Plc, which had been leading the syndicated deal this summer, had been expected to relaunch the loan at a later date after revising some financing terms. But that plan changed following the recent surge in bond yields, the people said.
PGIM和巴克莱的代表拒绝置评。Sound Inpatient Physicians和Monarch方面未能立即回应置评请求。
Representatives for PGIM and Barclays declined to comment. Sound Inpatient Physicians and Monarch didn’t immediately respond to requests for comment.
该贷款的所得款项原计划用于再融资现有债务,此前公司曾在2024年进行过一次债务重组。在那次交易中,PGIM、Monarch及其他贷款人向Sound InPatient Physicians注入了超过1亿美元的新资金,并削减了约2亿美元的债务。
Proceeds from the loan were slated to refinance existing debt, following a 2024 debt revamp. In that transaction, PGIM, Monarch and other lenders put in more than $100 million of new money in Sound InPatient Physicians and cut roughly $200 million of debt.
知情人士称,当时Monarch收购了该公司的部分债务,而PGIM则在困境价格下增加了其持仓。自那时以来,该公司未计利息、税项、折旧及摊销前的利润(EBITDA)已翻倍,达到超过2.5亿美元。
At the time, Monarch scooped up the company’s debt and PGIM added to its position at distressed prices, according to the people. The company’s earnings before interest, taxes, depreciation and amortization have since doubled, to more than $250 million, the people said.