KeyBank, Others Syndicate Credit Facilities for American Dental
American Dental Partners, Inc. announced that it has launched the syndication of $241 million of senior secured facilities, consisting of a $36 million revolving facility and a $205 million term loan. The proceeds from the senior secured facilities, together with equity from JLL Partners Fund VI and certain other investors, are being used to finance the acquisition of American Dental Partners and to pay certain fees and expenses.
American Dental Partners is headquartered in Wakefield, MA and is a business partner to dental group practices. The Company is affiliated with 27 dental group practices, which have 282 dental facilities with approximately 2,404 operatories located in 21 states.
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