Aspen Dental readies launch of $868 million term loan B for Friday

By Sara Rosenberg

New York, Oct. 11 – Aspen Dental Management Inc. is scheduled to hold a lender call at 10 a.m. ET on Friday to launch an $868 million term loan B (B2/B), according to a market source.

RBC Capital Markets is the lead bank on the deal.

Proceeds will be used to reprice an existing term loan B from Libor plus 325 basis points with a 0% Libor floor.

Commitments are due at 5 p.m. ET on Oct. 19, the source added.

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

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