Aspen Dental talks $700 million term loan at Libor plus 400-425 bps

By Sara Rosenberg

New York, June 14 – Aspen Dental Management Inc. launched on Monday its non-fungible $700 million incremental term loan (B2/B) with price talk of Libor plus 400 basis points to 425 bps with a 0.5% Libor floor and an original issue discount of 99, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

RBC Capital Markets is the lead on the deal.

Commitments are due at noon ET on June 23, the source added.

Proceeds will be used to fund a shareholder distribution.

Aspen Dental is an East Syracuse, N.Y.-based dental support organization.

© 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.