Daily News: July 27, 2018

JPMorgan Agents $1.75B Facility for IQVIA


IQVIA extended its existing revolving credit facilities and term A loans and closed a new $950 million incremental term B credit facility and €686.2 million ($776 million) incremental term B credit facility.

JPMorgan Chase acted as administrative agent, swing line lender and L/C issuer. Morgan Stanley Senior Funding acted as swing line lender and L/C issuer and Barclays Bank as L/C issuer.

Cahill advised the lead arrangers on the transaction with a team that included Joshua M. Zelig, Jana L. Douglas, Kaitlyn M. Pasco and Elizabeth Yahl.

IQVIA provides information and technology services to the healthcare industry. Proceeds from the term B credit facilities were used to refinance existing indebtedness and for general corporate purposes.