Conterra to launch $365 million credit facilities on Wednesday

By Sara Rosenberg

New York, April 9 – Conterra Ultra Broadband is scheduled to hold a bank meeting at 9:30 a.m. ET on Wednesday to launch $365 million of credit facilities, according to a market source.

TD Securities (USA) LLC is the lead arranger on the deal.

The facilities consist of a $50 million five-year revolver, a $250 million seven-year covenant-lite first-lien term loan B and a $65 million eight-year covenant-lite second-lien term loan, the source said.

Proceeds will be used to refinance existing debt and for general corporate purposes.

Conterra is a provider of bandwidth infrastructure services.

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