Sanmina-SCI $500 million credit facility to launch Tuesday

By Sara Rosenberg

New York, Oct. 4 - Sanmina-SCI Corp. is scheduled to hold a bank meeting Tuesday to launch its proposed $500 million revolving credit facility, according to a market source.

Citigroup and Bank of America are joint lead arrangers on the deal, with Citigroup listed on the left.

The revolver is going out to lenders at Libor plus 150 basis points, the source said.

Proceeds will be used for general corporate purposes.

Sanmina-SCI is a San Jose, Calif., provider of customized, integrated electronics manufacturing services.

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