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Dental Corp. to launch $177 million of incremental term loans Friday
By Sara Rosenberg
New York, Feb. 28 – Dental Corp. of Canada Inc. is set to hold a lender call at 9 a.m. ET on Friday to launch $177 million of incremental term loan debt, according to a market source.
Jefferies LLC is the lead arranger on the deal.
The debt consists of a $127 million incremental first-lien term loan due June 6, 2025 and a $50 million incremental second-lien term loan due June 6, 2026, the source said.
The first-lien term loan is getting 101 soft call protection for six months.
Proceeds will be used to fund acquisitions.
Dental Corp. is a network of general and specialist dental clinics in Canada.
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