Apollo widens pricing, tightens covenants on LifePoint buyout debt

By David Bell
13 Nov 2018

Apollo-sponsored RCCH Healthcare Partners made investor-friendly changes to the bonds and loans it sold this week to support its acquisition of LifePoint Health, widening the pricing as well as tightening the covenants in the debt package.

The $5bn of debt across a high yield bond and a first lien loan was priced on Wednesday, after leads shifted the structure, pricing and covenants in the deal.

Two buy-side sources said the deal had a tough ...

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