Segra Residential to launch $470 million of term loans on Thursday

By Sara Rosenberg

New York, Aug. 3 – Segra Residential will hold a lender call at 11 a.m. ET on Thursday to launch $470 million of term loans, according to a market source.

Goldman Sachs Bank USA, TD Securities (USA) LLC and Fifth Third are the bookrunners on the deal.

The debt consists of a $360 million first-lien term loan and a $110 million second-lien term loan, the source said.

Proceeds will be used to fund the recapitalization of Segra following the sale of its commercial fiber business to Cox Communications.

Segra is a provider of high-speed, fiber-based connectivity solutions over an owned network to primarily residential customers and small business customers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.