dentalcorp Announces $100 Million Bought Deal Treasury Offering and Secondary Offering of Subordinate Voting Shares

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TORONTO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- dentalcorp Holdings Ltd. ("Dentalcorp" or the "Company") (TSX: DNTL), Canada's largest and one of North America’s fastest growing network of dental practices, today announced that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”), led by TD Securities Inc., RBC Capital Markets, and Canaccord Genuity Corp. for the sale on a "bought deal" basis of 10,530,000 subordinate voting shares (the “Shares”) of the Company at a price of $9.50 per Share (the “Offering”). The Offering includes a treasury offering of 5,265,000 Shares by the Company for gross proceeds to the Company of approximately $50 million (the "Treasury Offering") and a secondary offering of 5,265,000 Shares by GR BCM2 #2 Acquisition Limited Partnership (the “Rosenberg Group”), an affiliate of OPTrust (“OPTrust Selling Shareholder”), LC8 DCC Investment Borrower, L.P. (“L Catterton Investor”) and DCC Holdings CR LP and DCC Holdings NR LP (together, the “Imperial Selling Shareholders” and, collectively with the Rosenberg Group, OPTrust Selling Shareholder and L Catterton Investor, the “Selling Shareholders”) for gross proceeds to the Selling Shareholders of approximately $50 million (the "Secondary Offering").