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.