Heartland Dental wraps $150 million term loan at Libor plus 450 bps

By Sara Rosenberg

New York, June 17 – Heartland Dental LLC allocated on Monday a $150 million term loan that is priced at Libor plus 450 basis points with a 0% Libor floor and an original issue discount of 98, according to a market source.

KKR Capital Markets is the lead on the deal.

Proceeds will be used for general corporate purposes.

Heartland Dental is an Effingham, Ill.-based dental support organization.

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