Skip to content

Athenahealth Is Raising $6.75 Billion in Loans to Pay for LBO

  • The company seeks total $9.25 billion package to finance deal
  • Lender call to take place on Wednesday afternoon via JPMorgan
Athenahealth headquarters in Watertown, Mass.

Athenahealth headquarters in Watertown, Mass.

Photographer: Gordon Chibroski/Portland Press Herald/Getty Images

Athenahealth Group Inc. is looking to raise $6.75 billion in debt to partially fund the largest deal to hit the U.S. credit market this year.

The loan financing, which consists of a $5.75 billion seven-year leveraged loan and a $1 billion delayed-draw term loan, will be used to fund the health information technology company’s leveraged buyout by a group led by Hellman & Friedman LLC and Bain Capital, according to people with knowledge of the matter. The loans are part of a a $9.25 billion debt financing package that is also expected to include $2.5 billion of unsecured junk bonds.