Sabre Industries to launch $190 million credit facility on Thursday

By Sara Rosenberg

New York, Aug. 1 - Sabre Industries Inc. will hold a bank meeting on Thursday to launch a proposed $190 million credit facility, according to a market source.

BNP Paribas Securities Corp. and PNC Capital Markets LLC are the lead banks on the deal.

The facility consists of a $60 million revolver and a $130 million term loan, the source said.

Proceeds will be used to help fund Kohlberg's buyout of the company from Corinthian Capital Group LLC.

Net leverage is 2.8 times through the credit facility and 4.3 times total.

Sabre is an Alvarado, Texas-based tower, pole and shelter manufacturer.

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