TCW Steel City served as lead arranger and administrative agent for the recapitalization of Lone Peak Dental Group. The Steel City-led financing was $170 million, which included a term loan, revolver and delayed draw term loan to support future acquisitions.
“We are pleased to support Lone Peak Dental Group in this recapitalization,” Walt Hill said on behalf of Steel City. “Lone Peak has built a strong, mission-driven platform with a demonstrated ability to expand access to high-quality pediatric dental care. This transaction reflects our commitment to providing flexible capital solutions that support continued growth, including strategic acquisitions.”
Ray Caruso, CEO of Lone Peak Dental Group, added, “This recapitalization positions Lone Peak to accelerate our growth while staying true to our mission of increasing access to care in the communities we serve. Steel City brought deep expertise and a collaborative approach, and we value their partnership as we continue to expand our network and invest in our practices.”
Brightwood, CIFC and CalSTRS served as additional lenders.
