Aspen Dental firms tranching on $230 million credit facility; bank meeting set for Monday

By Paul A. Harris

St. Louis, Sept. 9 - Aspen Dental firmed the tranching on its $230 million credit facility, an informed source said on Thursday.

The credit facility includes a $35 million revolver, a $150 million first-out term loan and a $45 million last-out term loan.

UBS and Jefferies & Co. are managing the deal.

Proceeds will be used to help fund the buyout of the company by Leonard Green & Partners LP.

Total leverage will be around 4.0 times.

Aspen Dental is a provider of denture and dental care services.

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