Sorenson plans new term loan to refinance existing loans, notes

By Sarah Lizee

Olympia, Wash., Oct. 19 – Sorenson Holdings, LLC intends to pursue a new senior secured loan financing, according to a press release.

Proceeds will be used refinance debt of Sorenson and its wholly owned subsidiary, Sorenson Communications, LLC, which may include Sorenson’s senior notes due 2021, Sorenson Communications’ senior secured second-lien notes due 2020 and the loans outstanding under its first-lien credit agreement dated as of April 30, 2014.

Sorensen is a Salt Lake City-based maker of communications products for the deaf and hard of hearing.

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