WAKEFIELD, Mass., Jan. 18, 2012 (GLOBE NEWSWIRE) -- American
Dental Partners, Inc. ("American Dental Partners"
or the "Company") today announced that it has
launched the syndication of $241 million of senior secured
facilities ("Senior Secured Facilities"),
consisting of a $36 million revolving facility and a $205
million term loan. The proceeds from the Senior Secured
Facilities, together with equity from JLL Partners Fund VI,
L.P. and certain other investors, are being used to finance
the acquisition of American Dental Partners and to pay
certain fees and expenses.
KeyBank National Association ("KeyBank"), CIT
Capital Securities ("CITCS") and NXT Capital, LLC
("NXT") will act as joint bookrunning managers of
the debt financing.
This press release does not constitute an offer to purchase
any securities or a solicitation of an offer to sell any
securities. About American Dental Partners
American Dental Partners is headquartered in Wakefield,
Massachusetts and is one of the nation's leading
business partners to dental group practices. The Company is
affiliated with 27 dental group practices, which have 282
dental facilities with approximately 2,404 operatories
located in 21 states. More information can be found on
American Dental Partners' website, which includes
expanded investor information and resources.
Forward-Looking Statements. This press release contains
forward-looking statements regarding American Dental
Partner's intention to obtain the Senior Secured
Facilities and its intended use of the resulting proceeds.
There is no assurance that American Dental Partner's
will successfully complete the proposed debt financing or use
the proceeds as presently intended. Investors should not
place undue reliance on forward-looking statements as
predictions of future results. American Dental Partner's
undertakes no obligation to update or revise any
forward-looking statements to reflect developments or
information obtained after the date of this press release.
CONTACT: American Dental Partners, Inc.
401 Edgewater Place, Suite 430
Wakefield, MA 01880
Phone: 781/224-0880
Fax: 781/224-4216
Gregory A. Serrao Chairman, President and Chief Executive Officer
781-224-0880
Breht T. Feigh
Executive Vice President, Chief
Financial Officer and Treasurer
781-224-0880
distribué par | Ce noodl a été diffusé par American Dental Partners Inc. et initialement mise en ligne sur le site http://www.amdpi.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-18 21:43:20 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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