Zachry Holdings to pay down term loan debt with notes proceeds

By Sara Rosenberg

New York, Jan. 11 - Zachry Holdings Inc. plans on repaying its term loan using proceeds from a $250 million senior notes offering, according to a market source.

The term loan was obtained in October 2012 in connection with the acquisition of JV Industrial Cos., a provider of turnkey solutions for turnaround, maintenance, repair and related facility requirements.

Zachry is a San Antonio-based provider of engineering, procurement, construction, maintenance and turnaround/outage services primarily to the energy sector.

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