Team Health Said to Seek $575 Million in Loans to Refinance Debt

Team Health Inc., the provider of healthcare professionals to hospitals and clinics, is seeking $575 million in loans to refinance debt, according to a person with knowledge of the matter.

The JPMorgan Chase & Co.-led transaction will include a $165 million, five-year revolving credit facility, a $110 million, five-year term loan A and a $300 million, seven-year term loan B, said the person who declined to be identified because the talks are private.

Team Health, based in Knoxville, Tennessee, is hosting a lender call at 11 a.m. on June 9 in New York to discuss the transaction, the person said.

To contact the reporter on this story: Krista Giovacco in New York at kgiovacco1@bloomberg.net

To contact the editor responsible for this story: Chapin Wright at cwright4@bloomberg.net

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