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Aspen Dental relaunches amendment to move term loans to SOFR
By Sara Rosenberg
New York, June 5 – Aspen Dental Management Inc. relaunched the negative consent amendment for its term loans to shift to SOFR from Libor, this time with CSA of 11.448 basis points one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, according to a market source.
Previously, the company was offering CSA of 10 bps.
RBC Capital Markets is the lead on the deal.
The amendment deadline is the end of the day on Monday, the source added.
Aspen Dental is an East Syracuse, N.Y.-based dental support organization.
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