UBS is holding a bank meeting Feb. 3 to launch a new $165 million credit for NewQuest Health Solutions. The credit comprises a $150 million term loan and $15 million revolver. Both tranches will be offered at LIBOR plus 3 1/4%.
Proceeds are being used for the acquisition of the managed care organization by an affiliate of GTCR Golder Rauner. Brentwood Capital Advisors was the financial advisor to NewQuest on the transaction. UBS bankers declined comment and Joseph Nolan, a principal with GTCR, did not return calls.