Blackstone-owned TeamHealth has received a pair of competing offers from two of its biggest creditors that are giving the struggling physician-staffing company starkly different options to repay over $1 billion in debt due next year, according to people familiar with the matter. Pacific Investment Management Co., which is known as Pimco and is the largest holder of TeamHealth’s loans maturing in February, has proposed swapping those loans for new debt backed by some of the company’s assets, The Wall Street Journal reports. Read more.
Blackstone’s TeamHealth Weighs Debt Proposals, with $1B in Loans Coming Due
