Michael Baker readies launch of $300 million term loan B for Monday

By Sara Rosenberg

New York, Oct. 14 – Michael Baker International is scheduled to hold a lender call at 1 p.m. ET on Monday to launch a $300 million first-lien term loan B, according to a market source.

UBS Investment Bank is the left lead arranger on the deal.

The company is also getting an $80 million ABL revolver.

Proceeds will be used to refinance the company’s existing capital structure, including $250 million of senior notes due 2023.

Michael Baker, a portfolio company of DC Capital Partners, is a Pittsburgh-based provider of engineering and consulting services, focused on complex infrastructure challenges.

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