S&P rates Heartland Dental loans B, CCC+

Standard & Poor's said it assigned a B corporate credit rating to Heartland Dental Care LLC. The outlook is stable.

At the same time, the agency said it assigned Heartland's $100 million first-lien revolving credit facility and $450 million first-lien term loan a B credit rating. The agency also assigned a recovery rating of 3, indicating an expectation for meaningful recovery of principal in the event of payment default.

S&P said it also assigned Heartland's $200 million second-lien term loan a CCC+ credit rating, with a recovery rating of 6, indicating an expectation for negligible recovery of principal in the event of payment default.

The agency said the rating on dental practice management services provider Heartland Dental Care LLC reflects its highly leveraged financial risk profile.

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