Zest Holdings to launch $70 million add-on term loan B on Tuesday

By Sara Rosenberg

New York, Sept. 16 – Zest Holdings LLC will hold a lender call at 11 a.m. ET on Tuesday to launch a $70 million add-on first-lien term loan B due August 2020, according to a market source.

Deutsche Bank Securities Inc. and Citizens Bank are the bookrunners on the deal.

Covenants include a net secured leverage test.

Proceeds will be used to refinance an existing second-lien term loan.

With the add-on, the first-lien term loan B will total $218 million, the source added.

Zest is a Carlsbad, Calif.-based developer, manufacturer and supplier of solutions to treat natural teeth and implant supported restorations.

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