Mydentist £555 million high-yield issue

Overview:

• Mydentist has undertaken a £555 million high-yield issue.
• The issue consists of a £425 million senior secured notes issue due 2022 and a private placement of £130 million in second lien notes. The company also refinanced a revolving credit facility.
• The deal is the first sterling high yield issue since the Brexit vote.
• Global coordinators on the deal are Credit Suisse and JPMorgan acted as global coordinators while Goldman Sachs, ING, Lloyds, Mizuho, Societe Generale and RBS acted as bookrunners.

Sam Duke - Editor