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Infrastructure & Energy to launch $350 million facilities on Tuesday
By Sara Rosenberg
New York, Oct. 12 – Infrastructure & Energy Alternatives Inc. is scheduled to hold a bank meeting at 10:30 a.m. ET on Tuesday to launch $350 million of credit facilities, according to a market source.
Jefferies LLC and KeyBanc Capital Markets are the arrangers on the deal.
The facilities consist of a $50 million five-year revolver and a $300 million six-year first-lien term loan, the source said.
The term loan has 101 soft call protection for six months.
Proceeds will be used to fund acquisitions.
Infrastructure & Energy is an Indianapolis-based infrastructure construction company with specialized energy and heavy civil experience.
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