Aspen Dental’s Loan for Leonard Green Dividend Rises in Trading
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Aspen Dental Management Inc.’s $127.4 million term loan to fund a dividend to Leonard Green & Partners LP rose in initial trading, according to data provider Markit Group Ltd.
The debt, due in October 2016, began trading yesterday at 99.5 cents on the dollar, according to Markit. The financing for the provider of dental-care services was sold to investors at 98.5 cents, according to data compiled by Bloomberg.