Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to healthcare services and life sciences companies worldwide, announced the closing of a $107 million senior credit facility to Specialty Dental Brands ("SDB" or "the Company") a dental services organization headquartered in Nashville, which focuses on pediatric dentistry, orthodontics, and oral surgery.
Proceeds from the transaction were used to fund four separate add-on acquisitions. Oxford originally provided SDB with a $74 million senior credit facility in September 2020. Inclusive of the closing date acquisitions, Oxford has financed six add-on acquisitions for SDB since its original investment in the business.
SDB was founded in 2017 by Leon Capital Group in partnership with SDB management with the goal to create a leading network of youth-focused dental practices that provide patient care from infancy until adulthood.
"The upsizing of our commitment to SDB was another example of Oxford supporting the growth of its customers," said Tracy S. Maziek, head of healthcare services at Oxford Finance. "SDB's acquisitive strategy required a flexible lender with the ability to move quickly and decisively."
"Oxford got up to speed on several complex transactions with multiple moving parts and seamlessly delivered the financing by year-end," said Chris Scales, CFO of SDB.
"These acquisitions materialized rapidly but were critical to our overall growth strategy," added Hunter Dallas, a managing director at Leon Capital Group. "Consistent with our original closing, Oxford was efficient and thoughtful in their structuring process, ensuring a close on a short timeline when delays could have jeopardized these important acquisitions."