Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Heartland Dental Care, LLC > News item |
Heartland Dental launches $160 million loan at Libor plus 425-450 bps
By Sara Rosenberg
New York, Nov. 14 - Heartland Dental Care LLC launched on Thursday its $160 million incremental first-lien term loan (B) with price talk of Libor plus 425 basis points to 450 bps with a 1% Libor floor and an original issue discount of 991/2, according to market sources.
The term loan has 101 soft call protection for six months, sources said.
RBC Capital Markets LLC, BMO Capital Markets Corp. and Jefferies Finance LLC are the leads on the deal.
Proceeds will be used to fund the acquisition of My Dentist Holdings LLC, an Oklahoma City-based dental support organization.
Commitments are due on Nov. 22, sources added.
Closing is subject to certain regulatory and other approvals.
Heartland Dental is an Effingham, Ill.-based provider of office support services to dental offices.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.