KKR Plans Debt Overhaul at Medical Transport Provider GMR (1)

KKR & Co. is preparing to refinance more than $4 billion of debt of medical transport provider Global Medical Response Inc. by persuading creditors to accept longer-dated debt and by issuing new preferred stock, according to a person familiar with the arrangements.

More than 80% of the existing lenders and bondholders support the proposal, and the company will hold a call with lenders April 18, said the person, who asked not to be named discussing private company plans.

The deal includes a $3.6 billion amended and extended first lien term loan, $600 million in new senior secured bonds, and $948 ...