Aspen Dental to launch $780 million term loan on Monday

By Sara Rosenberg

New York, Dec. 8 – Aspen Dental is scheduled to hold a lender call at 1 p.m. ET on Monday to launch a $780 million term loan due December 2027, according to a market source.

JPMorgan Chase Bank is the left lead on the deal.

Price talk on the term loan is SOFR plus 575 basis points to 600 bps with a 0% floor and an original issue discount of 95, the source said.

Commitments are due at 5 p.m. ET on Dec. 18, the source added.

Proceeds will be used to amend and extend an existing term loan B-1 due April 2025.

Aspen Dental is an operator of a group of branded dental offices.

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