Alpine Capital acted as servicer and sole agent on a senior debt financing facility for Knight Dental. The financing consisted of a $5 million senior secured revolving line of credit and $12 million senior secured term loan.
Proceeds from the financing were used to recapitalize the balance sheet, refinance existing indebtedness and support ongoing working capital needs.
“We are pleased to partner with such an experienced team of healthcare lenders as Knight Dental furthers its acquisition and national expansion strategy,” said Harmeet Bindra, CEO at Leixir Resources Private and chairman at Knight Dental. “Completing this new credit facility under Alpine Capital’s leadership enhances our ability to execute on our long-term growth plans.”
“Not only are we seeing plenty of activity in the dental space, but there is also a clear consolidation trend occurring within the lab sector, so we are thrilled to add an industry leading dental lab services company to our diverse and growing portfolio,” said Alan Regdos, CEO for Alpine Capital.
Established in 1972 and headquartered in Tampa, FL, Knight Dental provides dental laboratory services that include the designing, manufacturing and selling of crowns, bridges, dental implants, dentures, mouth guards and other dental products.
