IMS Health To Refinance $2B Loan

IMS Health is planning to revamp a $2 billion loan that was used to finance its takeover.

IMS Health is planning to revamp a $2 billion loan that was used to finance its takeover, Bloomberg reports. The U.S. provider of prescription data was acquired by TPG Capital and Canada Pension Plan Investment Board in November 2009 for $5.2 billion. The Connecticut-based company seeks to refinance a $1.25 billion term loan arranged on Feb. 26, 2010 and a $762.1 million loan. IMS Health has appointed Goldman Sachs to restructure the refinancing.

Click here for the story from Bloomberg.