Segra launches $100 million add-on term loan B at 99-99.25 OID

By Sara Rosenberg

New York, May 22 – Segra (MTN Infrastructure TopCo Inc.) held a lender call at 2 p.m. ET on Wednesday to launch a $100 million add-on senior secured covenant-lite term loan B due Nov. 17, 2024 that is talked with an original issue discount of 99 to 99.25, according to a market source.

The add-on term loan is priced at Libor plus 300 basis points with a 1% Libor floor.

Amortization on the add-on term loan is 1% per annum.

Morgan Stanley Senior Funding Inc., Goldman Sachs Bank USA and SunTrust Robinson Humphrey Inc. are the leads on the deal.

Commitments are due at 10 a.m. ET on Thursday, the source said.

Proceeds will be used for general corporate purposes including capital expenditure.

Segra, formerly known as Lumos, is a fiber-based service provider.

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