Sabre Industries launches $413 million term B at Libor plus 350 bps

By Sara Rosenberg

New York, Feb. 11 – Sabre Industries launched on Tuesday its $413 million term loan B due April 2026 with price talk of Libor plus 350 basis points with a 0% Libor floor and a par issue price, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

Goldman Sachs Bank USA is the left lead on the deal.

Commitments and consents are due at noon ET on Feb. 19.

Proceeds will be used to reprice an existing term loan B down from Libor plus 425 bps.

With the repricing, the term loan is being paid down by $30 million via balance sheet cash to $413 million, the source added.

Sabre is an Alvarado, Tex.-based provider of highly engineered infrastructure products and services to the utility and telecom markets.

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