Wells Fargo & Co. and Deutsche Bank will begin taking orders Wednesday for $2.7 billion of syndicated loans to Health Management Associates, a person familiar with the situation said.
Processing Content
The hospital operator said Tuesday it is seeking that much in loans and $1 billion in bonds.
It did not identify the lead banks or give a proposed timing for the offering.
The secured debt would consist of a revolving line of credit of $500 million, a $1 billion term loan marketed to other banks and a $1.2 billion term loan intended for institutional investors.
The company may also issue up to $1 billion of senior unsecured notes. The person familiar with the matter said price targets for the loan package have not yet been established.
