Commercial Finance Partners closed a $15 million enterprise value-based cash flow term loan with a $5 million multi-delayed-draw term loan for the refinance and de novo growth strategy of a specialty dentures and implants dental service organization. The company currently has 20 clinics, and with this financing, the company will be able to complete an additional 25 new clinic operations and continue its growth strategy throughout the next four years.
“It was a team effort. We worked closely with the sponsors and management team so that we could provide the necessary capital with flexibility and no dilution,” Bill Krebsbach, director of structured finance with Commercial Finance Partners, said. “We pride ourselves in structuring out of the box facilities that best meet the needs of our clients and capital partners.”
“Bill Krebsbach and his team at CFP worked closely with our advisory team to successfully close this complex transaction for a fast growing, multi-state DSO. His professionalism and understanding of healthcare finance was an asset on this transaction,” Bagus Tjahjono Pan of BT Capital Group, which acted as advisor to the DSO, said.
