Zotec Lenders Tap Law Firm for Advice on Approaching Maturities

Some lenders to Zotec Partners LLC are working with law firm Milbank as loan maturities quickly approach for the medical billing company, according to people familiar with the situation.

The closely held company is looking to refinance its roughly $302 million first-lien term loan B that matures in February 2024 and a $45 million revolver, Bloomberg previously reported. Lenders expect to commence talks with the company on an amend-and-extend proposal in the coming weeks, said the people, who asked not to be identified because the matter is private.

Representatives for Zotec and the Milbank didn’t respond to requests ...