Inventurus Knowledge Solutions Seeks $675 Million Loan for TruBridge Acquisition
IKS in talks for $675 mln loan to fund TruBridge acquisition
The Economic TimesImage: The Economic Times
Mumbai-based Inventurus Knowledge Solutions (IKS) is negotiating a $675 million offshore loan to finance its acquisition of TruBridge, a US-listed healthcare IT company. The loan, arranged by Citigroup, JPMorgan Chase, and Deutsche Bank, is expected to be finalized soon.
- 01IKS is pursuing a $675 million loan for the acquisition of TruBridge.
- 02The loan is being arranged by Citigroup, JPMorgan Chase, and Deutsche Bank.
- 03This acquisition would be IKS's largest to date.
- 04The loan will initially be underwritten by the three banks before being syndicated.
- 05Pricing is expected around SOFR plus 275 basis points.
Advertisement
In-Article Ad
Inventurus Knowledge Solutions (IKS), based in Mumbai, is in advanced discussions to secure a $675 million offshore loan to fund its acquisition of TruBridge, a healthcare IT and revenue cycle management company listed on Nasdaq. The loan is being arranged by a consortium of major banks including Citigroup, JPMorgan Chase, and Deutsche Bank, with each expected to underwrite $225 million. The loan facility is likely to be priced at approximately SOFR plus 275 basis points, reflecting competitive terms for such a large transaction. This acquisition would represent IKS's largest deal to date, following its evaluation of TruBridge reported earlier this year. After initial underwriting, the loan will be syndicated to a broader group of lenders, including both Indian and foreign banks, based on demand during syndication.
Advertisement
In-Article Ad
This acquisition could enhance IKS's capabilities in healthcare IT, potentially leading to job creation and improved services in the sector.
Advertisement
In-Article Ad
Reader Poll
Do you think the acquisition of TruBridge will benefit IKS in the long run?
Connecting to poll...
More about Inventurus Knowledge Solutions
Read the original article
Visit the source for the complete story.


