Aspen Dental schedules loan lender call for Wednesday afternoon

By Sara Rosenberg

New York, March 8 - Aspen Dental Management Inc. is set to hold a lender call on Wednesday at 2 p.m. ET to launch a repricing of its senior secured credit facility, according to a market source.

UBS Investment Bank is the lead bank on the deal.

Further details on the transaction are expected to come out on the call.

In 2010, the company obtained a $230 million credit facility for its buyout by Leonard Green & Partners LP comprising a $195 million six-year term loan and a $35 million five-year revolver.

Pricing on the existing facility is Libor plus 600 basis points with a 1.75% Libor floor. The B loan was sold at an original issue discount of 98 and includes 101 soft call protection for one year.

Aspen Dental is an East Syracuse, N.Y.-based provider of denture and dental care services.

© 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.