The term "B" loans of Concentra Operating Corp. and the Yellowstone Club both started trading in the secondary market at 101 1/2 last week. Concentra's $525 million term "B" loan, priced at LIBOR plus 2%, backs the firm's $165 million acquisition of Beech Street Corp. and its $48.6 million acquisition of Occupational Health and Rehabilitation (CIN, 9/12). JPMorgan leads the deal. Credit Suisse First Boston led the five-year, $330 million term "B" loan of Yellowstone Club, a private ski and golf community located in Big Sky, Mont.
Concentra, Yellowstone Club Break For Trading