Sabre Industries to pay down bank debt with common stock proceeds

By Sara Rosenberg

New York, April 30 - Sabre Industries Inc. plans to repay borrowings under its credit facility using proceeds form an initial public offering of common stock, according to an S-1 filed with the Securities and Exchange Commission on Friday.

Sabre is a North Wales, Pa.-based provider of highly engineered products for the wireless communications and electric transmission and distribution infrastructure markets.

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