Northeast-focused dental support organization The Smilist Management closed a $285 million unitranche debt facility. Fidelity Direct Lending acted as administrative agent on the transaction and Manulife Investment Management served as 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 Smilist and drive continued business development initiatives. The Smilist, backed by Zenyth Partners, has completed 30 affiliations in the last two years.
“We’re extremely pleased to have secured this new debt facility. It marks a significant milestone for The Smilist as we embark on the next phase of our growth journey,” Andrew Mintz, CEO of The Smilist. “We’re proud of The Smilist’s strong performance and our prospects for future growth and innovation.”
