Kirkland & Ellis Represents The Carlyle Group and Integrated Dental Holdings in £400 Million High Yield Notes Offering

Kirkland & Ellis International LLP represented The Carlyle Group and Integrated Dental Holdings (IDH), the United Kingdom's leading provider of dental services, in IDH's offering of £200 million 6 percent senior secured fixed rate notes due 2018, £125 million senior secured floating rate notes due 2018 and £75 million 8 1/2 percent second lien notes due 2019. The net proceeds of the offering, which closed on May 30, 2013, were used to refinance IDH's existing debt, including the repayment of certain shareholder loans.

The Kirkland team that advised on the offering was led by London-based capital markets partner Ward McKimm and associates Matthew Merkle and Lindsay Offner. Partners Neel Sachdev, Cedric Van den Borren and Stephanie Biggs, and associates Gilles Teerlinck, Uma Sud, James Simpson, Thibault Reichelt, Paul Escarcelle-Rees and Sofie Nordgren also assisted in the representation. Tax partners Jane Scobie and Mike Carew, and associates Dulcie Sawle Daly, Jason Pegnall and Munsoor Hussain advised on the tax aspects of the offering.

IDH is the leading provider of dental services in the United Kingdom, with a focus on NHS dentistry across its network of dental practices throughout England, Scotland and Wales.

Kirkland & Ellis is a 1,600-attorney law firm representing global clients in complex capital markets, corporate/M&A, restructuring and tax, litigation and dispute resolution/arbitration and intellectual property and technology matters. The Firm has offices in London, Chicago, Hong Kong, Los Angeles, Munich, New York, Palo Alto, San Francisco, Shanghai and Washington, D.C.