Antares Leads $700 Million Private Credit Deal for Imagine360

Antares Capital led a $700 million private credit deal for Imagine360, a employer health plan provider owned by Water Street Healthcare Partners, according to people with knowledge of the matter.

The deal refinanced the company’s existing debt and funded a dividend, said the people, who asked not to be named discussing private information. The new facility priced at 5 percentage points over the Secured Overnight Financing Rate at 99 cents on the dollar, the people also said. Blackstone and Morgan Stanley also participated in the deal.

Representatives for Antares, Blackstone, Morgan Stanley and Water Street all declined to ...