Aclara to launch $80 million incremental term loan B on Monday

By Sara Rosenberg

New York, June 9 – Aclara Technologies LLC (Meter Readings Holding LLC) is set to hold a lender call at 2 p.m. ET on Monday to launch an $80 million incremental senior secured term loan B, according to a market source.

The company will also launch on the call an amendment of its existing $343 million senior secured term loan B, the source said.

Morgan Stanley Senior Funding Inc. and Stephens Inc. are leads on the deal.

Proceeds from the incremental term loan will be used to fund a sponsor dividend.

Aclara is a Hazelwood, Mo.-based supplier of smart infrastructure solutions to water, gas and electric utilities.

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