Acentra Health LLC Cuts Interest Rate on Term Loan in Refinancing Deal with Private Credit Lenders

Acentra Health LLC, a healthcare technology solutions company owned by Carlyle Group Inc., has successfully refinanced existing loans and raised additional debt with a group of private credit lenders. The company was able to lower its interest rate on a term loan, reducing the margin from 6.5 percentage points to 5.5 percentage points above the Secured Overnight Financing Rate on a $666 million loan.

In addition to the refinancing, Acentra also raised an incremental $35 million term loan at a discounted price and obtained a $100 million delayed-draw term loan for future acquisitions. The transaction was led by Oak Hill Advisors, with participation from Brinley Partners, Antares Capital, MidCap Financial, and Stone Point Credit.

Acentra operates in 46 states and provides technology solutions and services to state and federal health agencies for healthcare programs like Medicaid. This move to secure cheaper borrowing costs reflects the current trend in private credit lending, as companies seek to take advantage of competitive financing options.

Representatives for the companies involved declined to comment on the transaction. This development showcases Acentra’s strategic financial management and positions the company for future growth and acquisitions in the healthcare technology sector.