Heartland Dental starts roadshow for $310 million eight-year notes

By Paul A. Harris

Portland, Ore., April 17 – Heartland Dental, LLC started a roadshow on Tuesday in New York and New Jersey for a $310 million offering of eight-year senior notes (Caa2/CCC), according to a syndicate source.

The roadshow continues in New York on Wednesday, travels to Boston on Thursday, to Los Angeles on Friday and wraps up in the Midwest on Monday.

The Rule 144A and Regulation S for life deal is also set to price on Monday.

Jefferies LLC is the left bookrunner. KKR Capital Markets, TD Securities, BMO Securities and Macquarie Capital are the joint bookrunners.

The notes come with three years of call protection.

Proceeds will be used to fund the leveraged buyout of the Effingham, Ill.-based dental support organization by KKR.

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