Park Dental Partners Amends $28 Million Credit Facilities With U.S. Bank, Extends Revolver to 2029

Park Dental Partners amended its Amended and Restated Credit Agreement with U.S. Bank, effective Jan 1, 2026, covering a $15 million revolving line and a $13 million term loan. The amendment extends the revolver maturity to Mar 27, 2029, updates financial covenants to a minimum 1.15x fixed charge coverage and a maximum 4.00x total cash flow leverage, and shortens quarterly reporting to 45 days. It also permits shareholder promissory notes to address equity-vesting tax obligations tied to the company's IPO. The changes are intended to align the facility with public-company requirements and enhance flexibility.

Agreement details:

• Agreement type: Amendment to credit agreement covering $15M revolver and $13M term loan
• Counterparty: U.S. Bank
• Signed / Effective: Feb 13 2026 / Jan 01 2026
• Duration / Termination: Revolving facility matures Mar 27 2029
• Reason: Align facility with IPO and public-company reporting needs

Original SEC Filing: Park Dental Partners, Inc. [ PARK ] - 8-K - Feb. 19, 2026