U.K.-based mydentist sets roadshow for £425 million two-part secured notes offering

By Paul A. Harris

Portland, Ore., July 20 – Dental practice chain mydentist plans to start a roadshow on Thursday for a £425 million two-part offering of six-year senior secured notes, according to a portfolio manager.

The Rule 144A and Regulation S deal is coming in tranches of fixed-rate notes, which are non-callable for 2.5 years, and floating-rate notes, which are non-callable for one year. Tranche sizes remain to be determined.

The roadshow wraps up on Monday.

Global coordinator Credit Suisse will bill and deliver. JPMorgan is also a global coordinator. Goldman Sachs, ING, Lloyds, Mizuho, SG CIB and Royal Bank of Scotland are joint bookrunners.

The issuing entity will be special purpose vehicle IDH Finance plc.

The Manchester, England-based company plans to use the proceeds to repay debt.

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