Park Dental Partners, Inc. (PARK): debt financing — Park Dental amends credit agreement: extends revolver to 2029, sets new covenants

Park Dental Partners, Inc.

Revolving credit facility maturity extended to March 27, 2029; term loan outstanding $9.46M.
New financial covenants: min Fixed Charge Coverage Ratio 1.15x, max Total Cash Flow Leverage Ratio 4.00x.
Lender permits up to $3M in loans to shareholders for tax obligations from IPO equity vesting.
Consent given for formation of new subsidiary PDP AZ, LLC; conditions must be met by April 30, 2026.
Quarterly reporting covenant updated to 45 days after fiscal quarters ending March, June, and September.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Park Dental Partners, Inc. amended revolving credit of up to $15,000,000 with U.S. Bank National Association maturing March 27, 2029.

Instrument: revolving credit
Principal: up to $15,000,000
Counterparty: U.S. Bank National Association
Maturity: March 27, 2029
Event: amendment

Exact text from the filing

Extension of revolving line of credit. The Amendment extends the stated maturity date of the revolving facility to March 27, 2029.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Park Dental Partners, Inc. amended Amendment with U.S. Bank National Association (effective 2026-01-01).

Action: amendment
Agreement: credit facility
Counterparty: U.S. Bank National Association
Effective: 2026-01-01

Exact text from the filing

On February 13, 2026 (with an effective date of January 1, 2026), Park Dental Partners, Inc. (the “Company”), together with PDG, P.A., Dental Specialists of Minnesota, PLLC, Orthodontic Specialists of Minnesota, PLLC, The Facial Pain Center, PLLC, and PDP MN, LLC (collectively with the Company, the “Borrowers”), entered into an Amendment Agreement (the “Amendment”) with U.S. Bank National Association (the “Lender”) to amend that certain Amended and Restated Credit Agreement, dated as of March 27, 2024 (as amended, the “Credit Agreement”).

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Park Dental Partners, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-017525

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