Carestream Dental Seeks Private Debt Ahead of Restructuring

Dental equipment company Carestream Dental Inc. is seeking new debt financing from private credit lenders as part of an out-of-court restructuring proposal the lenders are considering, according to people with knowledge of the matter.

The Clayton, Dubilier & Rice-owned dental company is working with Jefferies Group, who’s reaching out to direct lenders for about $400 million of new financing in the form of a term loan as well as additional junior capital, said the people who asked not to be named as the details are private. The new debt would be used to repay the first lien lenders ...