KKR to finance Covenant Surgical Partners acquisition through $195M loan

Private equity firm KKR secured a $195 million loan for its Covenant Surgical Partners acquisition, according to Nasdaq.

Here are three things to know:

1. Two sources close to the matter said KKR secured the loan as a first-priority claim.

2. The loan's structure includes a $150 million tranche, which will be funded when the buyout closes. It will also include a $45 million delayed-draw tranche.

3. KKR has acquired myriad healthcare companies in the last several months, including WebMD.

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Webinars

Featured Whitepapers

Featured Podcast