EQT-backed fiber company plans lender call for acquisition financing

20 May 2020 - 12:00 am UTC

Segra is holding a lender call tomorrow at 1 pm ET for a USD 275m incremental loan backing its acquisition of NorthState Telecommunications, sister publication Debtwire reported citing two sources familiar with the matter.

Price talk for the loan is Libor+ 400bps with a 1% floor. It will mature in 2024 but is not fungible with the existing USD 1.119bn L+ 300bps TLB due 2024, which was quoted at 93.542/95.042 today, according to Markit.

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