...- Dentalcorp Health Services ULC is adding an incremental $75 million (approximately C$100 million) to its first-lien term loan to fund the acquisition of dental clinics. In addition, shareholders have committed the same amount of common equity. - We expect adjusted leverage to be about 10x for 2020, half a turn higher than what we projected, but generally in line with the rating. - We affirmed the 'B-'issuer credit rating. We also affirmed the 'B-' rating on the first-lien debt and '###' on the second-lien debt. Recovery ratings remain '3' for the first-lien debt and '6' for the second-lien debt. - Our stable outlook reflects our expectation that Dentalcorp will continue to pursue a debt-funded, acquisition-driven growth strategy such that revenue continues to increase at a double-digit percent rate, but leverage remains above 9x through 2020....
