The Smilist Secures $285 Million Debt Facility To Fund Continued Growth
Summary
Fidelity Direct Lending acted as Administrative Agent on the transaction and Manulife Investment Management served as Joint Lead Arranger.The Smilist, backed by Zenyth Partners, continues to experience impressive growth, completing 30 affiliations in the last two years. The facility includes commitments for almost $100 million of new growth capital, which will be used to fund strategic acquisitions for The Smilist and drive continued business development initiatives. "Were proud of The Smilists strong performance and our prospects for future growth and innovation. Since its founding, The Smilist has rapidly grown to be one of the leading dental support organizations in the New York metro area supporting over 60 locations with over 1,200 employees in New York, New Jersey, Connecticut, Delaware and Pennsylvania. Zenyth Partners collaborates with entrepreneurs, clinicians, and operators that share similar values, creating differentiated healthcare organizations that support patients, providers, payors, and the community at large.