Oxford Finance closed a $74 million senior credit facility and revolving line of credit for Specialty Dental Brands, which will use the proceeds to fund add-on acquisitions, for general working capital and to refinance existing debt. Oxford Finance is the sole lead arranger and administrative agent.
Specialty Dental Brands was founded in 2017 by Leon Capital Group with the goal to create a network of youth-focused dental practices that provide patient care from infancy until adulthood. Pro forma for the transaction, Specialty Dental Brands’s operations will support 40 offices across seven states.
“Specialty Dental Brands’ has developed a strong growth platform with a lengthy track record of successful acquisition integrations,” Tracy S. Maziek, head of healthcare services at Oxford Finance, said.” Oxford is supportive of the company’s vision of integrating top quality providers focused on quality patient care.”
“In addition to ensuring that our immediate needs on the closing date were met, Oxford worked closely with SDB to ensure our business would have the operational flexibility and capacity necessary to support the needs of a rapidly growing business,” Chris Scales, CFO of Specialty Dental Brands, said.
“From the start, Oxford was constructive in their diligence and structuring process. Despite several complex transaction dynamics, Oxford delivered on what was promised,” Hunter Dallas, managing director at Leon Capital Group, said. “With multiple acquisitions occurring on the same date, certainty of execution was paramount for this transaction. Oxford helped to ensure a smooth closing when any delays could have jeopardized the transaction.”
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies.
Leon Capital Group is a diversified investment firm with a focus on healthcare, technology and real estate.
