CIBC Capital Markets and TD Securities led the extension of dentalcorp’s existing syndicated senior secured credit facility. The maturity date of the credit facility will be extended to Jan. 18, 2028, from its original date of May 27, 2026. Concurrently, the facility amount was reduced from $1.75 billion to $1.4 billion.

In addition, dentalcorp fully hedged the previously unhedged portion of its credit facility. As a result, 100% of the company’s bank debt exposure is now subject to a blended rate of approximately 6.6%, at current leverage levels, through May 2026.

The lending syndicate for the new facility is being led by CIBC Capital Markets and TD Securities acting as bookrunners, while CIBC Capital Markets, TD Securities, Bank of America and RBC Capital Markets are acting as Co-Lead Arrangers.

“The continued support from our banking partners reaffirms dentalcorp’s solid fundamentals and resilient business model. The new credit terms not only offer interest savings but also are in line with our strategic objectives for sustained double-digit growth and self-funding of our acquisitive program,” Nate Tchaplia, CFO of dentalcorp, said.