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Assisted services provider Sevita is pausing its deal in the leveraged loan market to explore the feasibility of adding a high-yield bond component to its all-loan cap stack later this year.

Sources close to the situation tell 9fin the Centerbridge-backed company will restart the offering after its audited annual financial statements are completed in early December; those figures are needed for bond memorandums. The company could target an approximately $1bn bond but that figure is subject to change, the sources said.

Goldman Sachs is the lead bank on the firm’s current foray in the primary market, for which commitments were originally due 21 October. The $2.5bn deal, which debuted with a notably wide SOFR+500bps spread and 97 OID, aimed to raise $835m in new debt to finance a carveout from its competitor BrightSpring and refinance a slew of 2028 loan maturities. Sources said there are no changes to the syndicate