Sequa readies launch of $918 million term loan B for Friday

By Sara Rosenberg

New York, Nov. 29 – Sequa Corp. will hold a lender call at 10 a.m. ET on Friday to launch a roughly $918 million senior secured term loan B (B3/B-/B) due Nov. 28, 2021, according to a market source.

Barclays is the bookrunner on the deal.

Proceeds will be used to reprice an existing term loan B.

Sequa is a Palm Beach Gardens, Fla.-based aerospace and diversified industrial company.

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