Smilist secures $285 million unitranche debt facility

By Marisa Wong

Los Angeles, April 22 – Smilist closed a $285 million unitranche debt facility, according to a press release.

Fidelity Direct Lending acted as administrative agent on the transaction, and Manulife Investment Management was joint lead arranger.

The facility includes commitments for almost $100 million of new growth capital, which will be used to fund strategic acquisitions for the company and drive continued business development initiatives.

Backed by Zenyth Partners, Smilist is a Northeast-focused dental support organization based in Great Neck, N.Y.

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