Infrastructure and Energy unit to pay down term loan with new notes

Chicago, July 30 – Infrastructure and Energy Alternatives, Inc. subsidiary IEA Energy Services LLC plans to use a new offering of senior notes to repay the outstanding balance under its term loan, according to a press release.

The term loan was borrowed under a third amended and restated credit agreement.

The new deal was launched at $300 million.

Proceeds from the notes will also be used to redeem a portion of the company’s series B preferred stock.

Infrastructure and Energy Alternatives is an infrastructure construction company based in Indianapolis.

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