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Safway Group to pay down term loan and ABL debt with notes proceeds
By Sara Rosenberg and Paul A. Harris
New York, April 29 - Safway Group Holding LLC plans on repaying its senior secured second-lien term loan in full and some of its ABL credit facility borrowings with proceeds from a $540 million senior secured second-lien notes offering, according to a market source.
Safway is a Waukesha, Wis.-based provider of scaffolding and access solutions for commercial construction, industrial and infrastructure applications.
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