04:58 AM EDT, 05/15/2026 (MT Newswires) -- Blackstone (BX) and KKR (KKR) are among the investors planning to take control of dental business Affordable Care and cut about 70% of its debt as part of a restructuring scheme, Bloomberg reported Thursday, citing an unnamed person familiar with the matter.

The creditors are set to receive a pro-rata share of a $225 million first-lien second-out term loan, $200 million in payment-in-kind debt notes and 100% of the pro-forma equity, the report said.

The deal is set to close by the end of next month, the report said

Antares Capital and New Mountain Capital are also part of the deal, the report said.

Blackstone, KKR, and Affordable Care did not immediately reply to MT Newswires' request for comment.

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