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

By Sara Rosenberg

New York, May 23 – Segra (MTN Infrastructure TopCo Inc.) firmed the original issue discount on its $100 million add-on senior secured covenant-lite term loan B (B2/B) due Nov. 17, 2024 at 99.25, the tight end of the 99 to 99.25 talk, 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.

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

Closing is expected in late June.

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

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