Forefront Dermatology to launch $100 million term loan on Friday

By Sara Rosenberg

New York, Dec. 7 – Forefront Dermatology (Dermatology Intermediate Holdings III Inc.) is scheduled to hold a bank meeting at 10 a.m. ET on Friday to launch a non-fungible $100 million incremental first-lien term loan due April 2, 2029, according to a market source.

UBS Investment Bank is the arranger on the deal.

The incremental term loan has 101 soft call protection for six months and is co-terminous with the company’s existing first-lien term loan, the source said.

Proceeds will be used to repay revolving credit facility drawings and to fund acquisitions under letters of intent.

Partners Group is the sponsor.

Forefront Dermatology is a Manitowoc, Wis.-based dermatology physician practice.

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