Goldman Boosts Loan for Hospice Deal as Demand for Debt Revives

Aug. 3, 2022, 8:45 PM UTC

Goldman Sachs Group Inc. boosted the size of a loan sale that’s financing a health-care buyout in a sign of improving demand in the battered US leveraged-finance market.

The bank sold a $1.6 billion term loan to help finance Clayton Dubilier & Rice’s acquisition of a majority stake in Kindred At Home Hospice from Humana Inc., according to a person with knowledge of the matter. It was increased by $400 million after a separate term loan A -- a type of debt that would have reduced the amount that needed to be raised from institutional investors -- was ...

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