Aspen Dental to launch $370 million credit facility on Tuesday

By Sara Rosenberg

New York, Feb. 10 - Aspen Dental Management Inc. is scheduled to hold a bank meeting at 10 a.m. ET in New York on Tuesday to launch a $370 million credit facility, according to a market source.

GE Capital Markets, Jefferies Finance LLC and UBS Securities LLC are the lead banks on the deal.

The facility consists of a $40 million five-year revolver and a $330 million six-year term loan, the source said.

Proceeds will be used to refinance existing debt.

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

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