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The latest update is out from BrightSpring Health Services, Inc. ( (BTSG) ).
BrightSpring Health Services, Inc. announced the successful refinancing of its $2.55 billion Term Loan B facility, due February 2031, through its subsidiary Phoenix Guarantor Inc. The refinancing was achieved without incurring additional debt and resulted in a repricing to SOFR +250 basis points, down from SOFR +325 basis points, saving the company approximately $19.1 million annually in cash interest. Morgan Stanley and KKR Capital Markets led the refinancing effort as bookrunners. This financial maneuver is expected to provide a significant reduction in interest expenses, enhancing BrightSpring’s financial stability and operational efficiency in delivering healthcare services.
More about BrightSpring Health Services, Inc.
BrightSpring Health Services, Inc. is a leading provider of home and community-based health services, focusing on complex populations requiring specialized and chronic care. The company offers an array of services, including pharmacy, home health care, primary care, rehabilitation, and behavioral health, serving over 400,000 clients across all 50 states daily.
YTD Price Performance: 66.00%
Average Trading Volume: 1,466,687
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.18B
For detailed information about BTSG stock, go to TipRanks’ Stock Analysis page.
