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Heartland Dental wraps $150 million term loan at Libor plus 450 bps
By Sara Rosenberg
New York, June 17 – Heartland Dental LLC allocated on Monday a $150 million term loan that is priced at Libor plus 450 basis points with a 0% Libor floor and an original issue discount of 98, according to a market source.
KKR Capital Markets is the lead on the deal.
Proceeds will be used for general corporate purposes.
Heartland Dental is an Effingham, Ill.-based dental support organization.
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