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Prospect News home > News index > List of issuers H > Headlines for Heartland Dental Care, LLC > News item
Published on 1/22/2015 in the Prospect News Bank Loan Daily.

Heartland Dental launches $75 million add-on term loan at 99¼ OID

By Sara Rosenberg

New York, Jan. 22 – Heartland Dental Care LLC launched on Thursday its fungible $75 million add-on term loan (B) with original issue discount talk of 99¼, according to a market source.

Pricing on the add-on is Libor plus 450 basis points with a 1% Libor floor, in line with the existing term loan.

RBC Capital Markets is the lead bank on the deal.

Proceeds will be used to repay all of the company’s outstanding revolver borrowings.

Commitments are due on Jan. 29.

Heartland Dental is an Effingham, Ill.-based provider of office support services to dental offices.


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