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MedAssets (MDAS +0.3%) says it's completed a new $750M senior secured credit facility. Proceeds...
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Friday, December 14, 2012, 12:56 PM ETMedAssets (MDAS +0.3%) says it's completed a new $750M senior secured credit facility. Proceeds were used to extinguish the company's existing $484M term loan due in 2016 and a $150M revolving credit facility due 2015. As a result, the company will incur one-time charges including a write-off of $20M of non-cash deferred financing costs and a swap termination charge of approximately $8M. The refinancing will be accretive to fiscal 2013 EPS by approximately $0.07. The company also reaffirms its FY12 EPS outlook of $1.07 - $1.13. The Street consensus is for an EPS of $1.12.
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