Sabre Industries sets talk for $255 million seven-year term loan

By Paul A. Harris

Portland, Ore., Feb. 4 – Sabre Industries Inc. talked its $255 million seven-year covenant-light term loan at Libor plus 500 basis points to 525 bps with a 1% floor and an original issue discount of 99, according to a market source.

The $320 million credit facility also includes a $65 million revolver.

BNP Paribas Securities Corp., Citizens Financial Group and SunTrust Robinson Humphrey Inc. are the leads on the deal.

Proceeds will be used to refinance existing debt and fund an acquisition.

Sabre is an Alvarado, Texas-based turnkey provider of engineered structures and related services for the electric transmission & distribution and wireless communications end markets.

© 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.