Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Review > Headlines for 2020 > News item |
Segra tightens OID talk on $275 million term loan to 95.5-96
By Sara Rosenberg
New York, May 26 – Segra (MTN Infrastructure TopCo Inc.) revised original issue discount talk on its $275 million term loan (B) to a range of 95.5 to 96 from a range of 94 to 95, according to a market source.
Pricing on the term loan remained at Libor plus 400 basis points with a 1% Libor floor.
The term loan still has 101 soft call protection for six months.
TD Securities (USA) LLC and CoBank are the leads on the deal.
Commitments continued to be due at 4 p.m. ET on Tuesday, the source added.
Proceeds will be primarily used to support the recently completed acquisition of NorthState, a provider of high-speed bandwidth services in the Piedmont Triad region of North Carolina, for $80.00 in cash per share.
Segra is a fiber infrastructure bandwidth company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.