Jenner & Block

Firm Closes Debt Financing Transaction for Merge Healthcare

The firm recently closed a new debt financing for client Merge Healthcare Incorporated.  The transaction involved a new $235 million, senior-secured term loan facility provided by a lender group that was arranged by Guggenheim Corporate Funding, LLC, which also acted as administrative agent and collateral agent.  The new facility refinanced the company’s existing credit facilities that were provided by Jefferies Finance LLC, acting on behalf of a group of lenders in April 2013.  The new credit facility provides the company with greater flexibility to pursue acquisitions and obtain credit facility commitment increases.  The transaction team consisted of Partners Mark A. Harris and Brian S. Hart and Associates Joseph D. Kline and Benjamin J. Sauer.