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Corporate Finance Group
Cash Flow Lending Program
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Overview:
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| Situations Financed: |
Acquisitions, LBOs, recapitalizations and refinancings, LBUs, and growth |
| Products Offered: |
Cash flow based senior revolving and term debt as an agent or participant,
deep structure senior debt with warrants, and stand alone sub-debt |
| Preferred Sectors: |
Suppliers & Manufacturers, Dental & Vision (Retail Healthcare), Specailty
Providers (Dialysis, Imaging, Lithotrypsy, etc.), Outsourcing (Staffing, Lab, CRO),
Benefits Administration, Healthcare Information Technology |
| General Terms:
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| Commitment Amount: |
Up To $150 million |
| Hold Amount: |
$15-20 million |
| Term: |
3-7 years |
| Security: |
Pledge of stock and assets of borrower and all subsidiaries |
| Interest: |
Competitive market spreads over LIBOR |
| Fees: |
Reasonable fees including closing fees, agent fees, and unused line fees |
| Amortization: |
Flexible amortization includes term loan schedule plus cash flow sweep |
| Prepayment: |
Flexible prepayment |
| Closing Costs: |
Reasonable due diligence and legal costs reimbursed by borrower |
| Covenants: |
(i) Maximum leverage ratio; (ii) minimum fixed charge coverage ratio;
(iii) interest coverage ratio; (iv) usual & customary (i.e. reporting, compliance,
etc.) |
| Advantages:
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Industry Expertise: Heller's experienced and dedicated industry professionals know the healthcare business and it's underwriting requirements.
Certainty: Heller uses its market knowledge to accurately size and price the loans so that there is no variation from the initial quote.
Commitment: Heller Healthcare Finance is dedicated to serving the healthcare industry for the long term. We'll be there when you need us most.
Flexibility: Heller has multiple lending products and market outlets that allow us to provide unique comprehensive financing solutions to our clients.
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For more information about Heller Financial, visit Heller Financial's website at
http://www.hellerfinancial.com/
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