BrightSpring Health Services, Inc. Announced Refinancing of Term Loan B
BrightSpring Health Services, Inc. (BTSG)
Company Research
Source: GlobeNewswire
LOUISVILLE, Ky., Dec. 11, 2024 (GLOBE NEWSWIRE) -- BrightSpring Health Services, Inc. (“BrightSpring” or the “Company”) (NASDAQ: BTSG), a leading provider of home and community-based health services for complex populations, completed the successful refinancing of all of its $2.55 billion Term Loan B facility due February 2031, through its subsidiary Phoenix Guarantor Inc. BrightSpring incurred no additional indebtedness as a result of the transaction. The Company’s refinanced facility was repriced at SOFR +250 basis points, vs. the prior issuance at SOFR +325 basis points. The repricing reduced the applicable interest rate on the outstanding term loan by 75 basis points, representing an estimated cash interest savings of approximately $19.1 million annually. Morgan Stanley and KKR Capital Markets served as the lead bookrunners for the loan. About BrightSpring Health Services BrightSpring Health Services provides complementary and integrated home- and community-based pharmacy and
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BTSG
News
- BrightSpring Health Services, Inc. (NASDAQ: BTSG) had its price target raised by analysts at Morgan Stanley from $19.00 to $20.00. They now have an "overweight" rating on the stock.MarketBeat
- BrightSpring Health Services, Inc. (NASDAQ: BTSG) is now covered by analysts at CJS Securities. They set an "outperform" rating on the stock.MarketBeat
- BrightSpring Health Services, Inc. (NASDAQ: BTSG) had its price target raised by analysts at Bank of America Co. from $19.00 to $21.00. They now have a "buy" rating on the stock.MarketBeat
- BrightSpring Health Services, Inc. (NASDAQ: BTSG) had its price target raised by analysts at Wells Fargo & Company from $17.00 to $21.00. They now have an "overweight" rating on the stock.MarketBeat
- BrightSpring Health Services Announces Onco360® Has Been Selected as a Partner for Several New DrugsGlobeNewswire
BTSG
Earnings
- 11/1/24 - Miss
BTSG
Sec Filings
- 12/11/24 - Form 8-K
- 11/15/24 - Form 8-K
- 11/14/24 - Form SC
- BTSG's page on the SEC website