Western Dental talks $490 million term loan B at Libor plus 475 bps

By Sara Rosenberg

New York, July 29 – Western Dental (Premier Dental Services Inc.) launched on Thursday its $490 million seven-year term loan B (B3/B-) with price talk of Libor plus 475 basis points with a 0.75% 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.

KKR Capital Markets is the left lead on the deal.

Commitments are due at noon ET on Aug. 12.

Proceeds will be used to refinance existing term loans.

Western Dental is an Orange, Calif.-based dental services organization.

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