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Aspen Dental sets talk for $150 million term loan; bank meeting Monday
By Paul A. Harris
St. Louis, Sept. 10 - Aspen Dental set price talk for its $150 million six-year first-out term loan on Friday, according to an informed source.
The spread talk is Libor plus 500 basis points to 525 bps, with a 1¾% Libor floor. Discount talk is 98.
The $230 million credit facility also features a $35 million five-year revolving credit facility and a $45 million six-year last-out term loan.
UBS and Jefferies & Co. are the managers.
Proceeds will be used to help fund the buyout of the company by Leonard Green & Partners LP.
Aspen Dental is a provider of denture and dental care services.
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