Hargray plans new debt for purchase by investment group

By Sara Rosenberg

New York, March 7 – Hargray Communications Group Inc. plans on getting new debt financing to help fund its acquisition by Tom Pritzker Family Business Interests, Redwood Capital Investments, Stephens Capital Partners and management, according to a news release.

Credit Suisse Securities (USA) LLC, SunTrust Robinson Humphrey Inc. and Antares Holdings are the lead arrangers and bookrunners on the debt, with Credit Suisse the administrative agent.

Closing is expected in the third quarter.

Hargray is a Hilton Head Island, S.C.-based broadband communications and entertainment provider.

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