Segra tightens OID talk on $275 million term loan to 95.5-96

By Sara Rosenberg

New York, May 26 – Segra (MTN Infrastructure TopCo Inc.) revised original issue discount talk on its $275 million term loan (B) to a range of 95.5 to 96 from a range of 94 to 95, according to a market source.

Pricing on the term loan remained at Libor plus 400 basis points with a 1% Libor floor.

The term loan still has 101 soft call protection for six months.

TD Securities (USA) LLC and CoBank are the leads on the deal.

Commitments continued to be due at 4 p.m. ET on Tuesday, the source added.

Proceeds will be primarily used to support the recently completed acquisition of NorthState, a provider of high-speed bandwidth services in the Piedmont Triad region of North Carolina, for $80.00 in cash per share.

Segra is a fiber infrastructure bandwidth company.

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