Heartland Dental to launch $660 million term loan on Wednesday

By Sara Rosenberg

New York, June 1 – Heartland Dental LLC is scheduled to hold a lender call on Wednesday to launch a $660 million incremental first-lien term loan due April 30, 2025, according to a market source.

Jefferies LLC, KKR Capital Markets LLC, TD Securities (USA) LLC, BMO Capital Markets and Macquarie Capital (USA) Inc. are the bookrunners on the deal.

The incremental term loan has 101 soft call protection for six months, the source said.

Proceeds will be used to fund the acquisition of American Dental Partners Inc.

Closing is expected this quarter, subject to customary conditions.

Heartland Dental is an Effingham, Ill.-based dental support organization. American Dental is a Wakefield, Mass.-based dental support organization.

© 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.