Universal Health To Refi $3.45B Debt

Universal Health Servicesis seeking to refinance $3.45 billion of debt,Bloombergreports. The company will pay a 3% interest rate more than the London interbank offered rate on a $1.6 billion term loan B, maturing on November 2016.

The medical facilities operator will also pay 2.25% interest margin more than Libor on a $1.05 billion term loan A and an $800 million line of credit maturing on November 2015.JPMorgan Chaseis leading a banking group to arrange the transaction.

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