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Prospect News home > News index > List of issuers P > Headlines for PowerGrid Services > News item
Published on 6/30/2022 in the Prospect News Bank Loan Daily.

PowerGrid gets $55 million incremental term loan at SOFR plus 525 bps

By Sara Rosenberg

New York, June 30 – PowerGrid Services completed a non-fungible $55 million incremental term loan priced at SOFR plus 525 basis points with a 1% floor and an original issue discount of 97.5, according to a market source.

BNP Paribas Securities Corp. is the lead on the deal.

Proceeds will be used for acquisition financing.

PowerGrid Services is a Hartselle, Ala.-based provider of services to the utility sector.


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