Artera plans $775 million incremental term loan for acquisitions

By Sara Rosenberg

New York, May 27 – Artera Services LLC plans on getting a $775 million incremental first-lien term loan to fund its acquisition of Feeney Utility Services Group and a bolt on acquisition, according to a market source.

UBS Investment Bank, BofA Securities Inc. and BNP Paribas Securities Corp. are the bookrunners on the deal.

Artera, a portfolio company of Clayton Dubilier & Rice, is an Atlanta-based provider of integrated infrastructure services to the natural gas and electric utility industries. Feeney is a Boston-based provider of maintenance, repair and upgrade services to natural gas utilities.

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