Beacon Bay-Backed Dental Lab Holdings, Closes Senior Secured Financing

Stradling client Dental Lab Holdings, a portfolio company of Beacon Bay Holdings, a private investment firm based in Newport Beach, refinanced its existing credit facility for future permitted acquisitions. The transaction had several notable features, including extensive negotiations with Dental Lab Holdings’ outgoing warrant-holding lender regarding the capital structure, an ability to obtain “super senior” financing and the notes being issued by a small business investment company (SBIC). Victory Park Capital provided the financing.