Sabre Industries raises incremental term loan to $85 million

By Sara Rosenberg

New York, Jan. 24 – Sabre Industries (Tiger Acquisition LLC) upsized its fungible incremental first-lien term loan due June 1, 2028 to $85 million from $50 million, according to a market source.

Pricing on the incremental term loan is SOFR+10 basis points CSA plus 325 bps with a 0.5% floor, in line with existing term loan pricing, and the new debt has an original issue discount of 99.1.

Jefferies LLC and Wells Fargo Securities LLC are the arrangers on the deal.

Recommitments were scheduled to be due at 5 p.m. ET on Wednesday, the source added.

Proceeds will be used to refinance a portion of the company’s existing second-lien term loan.

Sabre is an Alvarado, Tex.-based provider of highly engineered structures and services for customers in the U.S. utility and telecom markets.

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